Kyocera plans to grab greater share of power tool market following RYOBI acquisition
Kyocera’s acquisition of RYOBI power tools has now been completed, paving the way for the brand to diversify and further expand its industrial tool business. Completing the buy out announced in October, the acquisition sees Kyocera acquire 80% of shares in Kyocera Industrial Tools Corporation, an enterprise established from the company split of Ryobi Limited’s […]
Kyocera follows SENCO acquisition with Ryobi buy out
Ryobi is the latest power tool brand to be acquired by Kyocera, which snapped up Senco (now KYOCERA SENCO Industrial Tools) in the summer. By January 2018, Kyocera Corporation will have acquired the majority of shares of a company to be established from the company split of Ryobi Limited’s power tool business. Ryobi’s range includes […]
Another revenue record reported by Milwaukee Tools owner Techtronic
Techtronic Industries (TTI) – the group behind the Milwaukee, RYOBI and AEG tool brands – has reported on another impressive trading period with record 2017 first half results. Revenue increased 7.3% to USD $2.9 billion, which grew again to 8.1% when adjusted for foreign currency. The business, which also owns Hoover, Vax and Dirt Devil, […]