Techtronic Industries Company Limited is the parent company for several well-known and successful power tool brands. Founded in Hong Kong in 1985, the group oversees such heavyweights in the sector such as Milwaukee, AEG, Ryobi, Homelite, Empire, Stiletto, Hoover US, Hart, Oreck, Vax and Dirt Devil. Their product lines include power tools, outdoor power equipment, accessories, hand tools, layout and measuring tools, floor care and appliances.
Techtronic takes great pride in being a global strategy-based organisation. They have built the company on four strategic areas that would drive their success: Powerful Brands, Innovative Products, Exceptional People and Operational Excellence. The bottom-line results suggest they are on the right track.
Combined, the entire Techtronic group earned $7.02 billion in 2018. This marks a 15.8 per cent increase over the previous year’s total $6.06 billion. The 2018 revenue total represents their 9th consecutive year of record revenue earnings. Their 2018 net profit figure came in at $552 million.