Techtronic Industries Company Limited (TTI Group or TTI) is a

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

–based multinational company that designs, produces, and markets power tools, outdoor power equipment, hand tools, and floor care appliances. It pioneered cordless power tools powered by

lithium-ion A lithium-ion or Li-ion battery is a type of rechargeable battery that uses the reversible Intercalation (chemistry), intercalation of Li+ ions into electronically Electrical conductor, conducting solids to store energy. Li-ion batteries are c ...

rechargeable batteries. TTI's products are manufactured in China, Vietnam, the United States, Mexico, and Europe, and in 2024, had annual sales of US$14.6 billion.

History

In 1985, TTI was founded by Horst Julius Pudwill and Roy Chi Ping Chung as an original equipment manufacturer for overseas brands. In 1987, it began to produce Craftsman cordless power tools for Sears followed by cordless, handheld vacuum cleaners for Bissell. In 1990, TTI listed on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

under stock code 0669 by

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

. Its ADRs also trade on Nasdaq as TTNDY. In 2019, the company's shares became one of the 50 constituents of the Hang Seng Index. TTI acquired Ryobi Limited's North American power tools business in August 2000. In August 2001 TTI acquired European Ryobi power tools business and in March 2002 TTI acquired two subsidiaries of Ryobi Limited, Ryobi Australia Pty Limited and Ryobi New Zealand Limited. Techtronic purchased Milwaukee Electric Tool from Atlas Copco in 2005 and began integrating lithium-ion batteries into their lineup.

Brands

TTI's brands include: Floorcare & Cleaning * Hoover * Oreck * Vax * Dirt Devil

Awards

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

''World’s Best 200 Small Companies'', 2002 * Hong Kong Awards for Industries ''Consumer Product Design'', 2008 and 2012 * Euromoney ''Best Managed Company in Asia - Consumer Goods'', 2014 * The Home Depot ''Environmental Partner of the Year'' and ''Interconnected Partner of the Year'', 2020

References

{{Authority control Companies listed on the Hong Kong Stock Exchange Engineering companies of Hong Kong Electronics companies of Hong Kong Manufacturing companies established in 1985 Electronics companies established in 1985 1985 establishments in Hong Kong Power tool manufacturers Conglomerate companies of Hong Kong Hong Kong brands