Techtronic Industries

Techtronic Industries Company Limited (TTI Group or TTI) (SEHK: 669) designs, produces, and markets power tools, outdoor power equipment, hand tools, and floor care appliances under a variety of wholly owned and licensed brands. The company's products are used by consumers, professionals, and industrial users in the home, construction, maintenance, industrial and infrastructure industries. TTI was the first company to produce heavy-duty cordless power tools powered by lithium-ion rechargeable batteries. Its expertise in brushless motors, advanced system electronics and firmware has contributed to the company's performance. 
The company was founded by Horst Julius Pudwill and Roy Chi Ping Chung GBS BBS JP in 1985. TTI's brand portfolio includes Milwaukee Tools, AEG, Ryobi, Homelite, Empire, Stiletto, Hoover US, Hart, Oreck, Vax, and Dirt Devil. It has a worldwide customer reach, and staff of more than 48,000. TTI has manufacturing bases and facilities in China, Vietnam, the U.S., Mexico and Europe. In 2020, TTI's annual sales were more than US$9.8 billion. TTI has been listed on the Hong Kong Stock Exchange since 1990 and was listed as one of the Hang Seng Index constituent stocks in 2019.
History.
TTI was founded in 1985 in Hong Kong by Horst Julius Pudwill and Roy Chi Ping Chung. TTI began as an original equipment manufacturer for overseas brands. Sears partnered with TTI in 1987 to produce Craftsman-branded cordless power tools. TTI entered the floor care industry when it began producing cordless handheld vacuum cleaners for the Bissell brand. In 1990, TTI listed its shares on the Hong Kong Stock Exchange under the stock code 0669 by way of an initial public offering. TTI trades under the ticker TTNDY in the American stock market.
TTI developed a global brand portfolio by buying labels including Hoover, Dirt Devil, Ryobi and Milwaukee, expanding product categories and adding distribution channels to grow its geographical footprint. In 2014, the company was focused on the advancement of cordless technology as well as lithium-ion technology.
Brands and acquisitions.
TTI's brands include:
Financial performance.
TTI's revenue grew from US$ million in 1990 to $ million in 2001. From 2010 to 2019, TTI's sales rose at a compounded annual growth rate of 10 percent. TTI was listed as a constituent stock of the benchmark Hang Seng gauge on March 11, 2019. Companies added to the list "constitute the top 90 percentile of the total market cap of the city's stock universe". TTI reported revenues of $9.812 billion in 2020.