# Techtronic Industries - TTI

> Techtronic Industries is a Hong Kong-based manufacturer of power tools, outdoor equipment, accessories, hand tools and floorcare products. Its portfolio includes Milwaukee, licensed RYOBI and AEG tool businesses, Hoover, VAX, Oreck and Dirt Devil. Serving tradespeople and household buyers through retailers and distributors worldwide, TTI reported US$15.26 billion in 2025 revenue.

- **Founded:** 1985
- **Headquarters:** Hong Kong, Hong Kong
- **Founders:** Horst Julius Pudwill (Co-founder; Executive Chairman), Roy Chi Ping Chung (Co-founder)
- **Products:** Milwaukee cordless systems, Milwaukee PACKOUT and trade essentials, RYOBI 18V ONE+, RYOBI USB Lithium, RYOBI outdoor equipment
- **Notable:** Listed on the Hong Kong Stock Exchange in 1990; stock code 669., Joined the Hang Seng Index in 2019., Reported US$15.26 billion revenue and US$1.198 billion attributable profit for 2025.

## Products & services

- **Milwaukee cordless systems** — M12 and M18 power tools, batteries, chargers and trade-specific solutions; MX FUEL cordless equipment uses a separate battery system.
- **Milwaukee PACKOUT and trade essentials** — Modular storage, hand tools, accessories and personal protective equipment for professional users.
- **RYOBI 18V ONE+** — More than 300 compatible products for home, workshop and garden; platform compatibility dates to 1996.
- **RYOBI USB Lithium** — Rechargeable compact tools and everyday products; launched in 2022.
- **RYOBI outdoor equipment** — 40V and 80V cordless outdoor equipment for larger lawn and garden tasks; distinct from the 18V ONE+ battery system.
- **Floorcare and cleaning** — Hoover, VAX, Oreck and Dirt Devil vacuum and cleaning products; the business is being rationalized.

## Achievements

- Listed on the Hong Kong Stock Exchange in 1990; stock code 669.
- Joined the Hang Seng Index in 2019.
- Reported US$15.26 billion revenue and US$1.198 billion attributable profit for 2025.
- Reported a seventeenth consecutive annual gross-margin improvement in 2025.
- Reported US$8.292 billion revenue for the first half of 2026.

## Latest updates

- **2026-08** — First-half 2026 revenue rose 5.9% to US$8.292 billion; attributable profit rose 17.5% to US$738 million. Professional sales rose 9.7%; Consumer sales fell 2.5%.
- **2026-08** — TTI changed reportable segments to Professional and Consumer, replacing Power Equipment and Floorcare and Cleaning.
- **2026-06** — Commenced an automatic share repurchase plan of up to US$500 million over 18 months, disclosed in the interim report.
- **2026-03** — FY2025 results disclosed the planned HART exit and migration of tariff-affected Milwaukee products to lower-tariff jurisdictions by year-end 2025.

## Links

- Website: https://www.ttigroup.com/
- LinkedIn: https://www.linkedin.com/company/techtronic-industries
- Twitter/X: https://twitter.com/TTICareers
- Facebook: https://www.facebook.com/TechtronicIndustriesTTI

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Profile page: https://yespress.io/techtronic-industries-tti
Published by YesPress — https://yespress.io
Last updated: 2026-10-22