Techtronic Industries Company Limited (TTI Group or TTI) is a Hong Kong–based multinational company that designs, produces, and markets cordless power tools, outdoor power equipment, hand tools, and floor care appliances.
TTI's products are manufactured in China, Vietnam, the United States, Mexico, and Europe, and in 2025, had annual sales of US$15.3 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 under stock code 0669 by initial public offering. 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 Power tools AEG Electric Tools under license from Electrolux AB) Empire Level Hart Tools Homelite Imperial Blades Kango (Australia & New Zealand) Milwaukee Tool Ryobi power tools in North America, Europe, Australia, and New Zealand, under license from Ryobi) Stiletto DreBo DreBo Werkzeugfabrik GmbH still exists today as an independent company not connected to TTI Group Most Ridgid branded tools
Floorcare & cleaning Hoover (In US and Canada) Oreck Vax (In UK and Australia) Dirt Devil
Awards
Forbes 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