M&A Deal Summary

Techtronic Industries Acquires Milwaukee

On August 30, 2004, Techtronic Industries acquired consumer products company Milwaukee from Atlas Copco for 627M USD

Acquisition Highlights
  • This is Techtronic Industries’ 1st transaction in the Consumer Products sector.
  • This is Techtronic Industries’ largest (disclosed) transaction.
  • This is Techtronic Industries’ 1st transaction in the United States.
  • This is Techtronic Industries’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2004-08-30
Target Milwaukee
Sector Consumer Products
Buyer(s) Techtronic Industries
Sellers(s) Atlas Copco
Deal Type Divestiture
Deal Value 627M USD

Target

Milwaukee

Brookfield, Wisconsin, United States
Milwaukee office in downtown Milwaukee, Wisconsin.
Milwaukee office in downtown Milwaukee, Wisconsin.
Milwaukee is a producer and seller of heavy-duty portable electric tools and accessories. It designs and sells a substantial range of professional drills, Sawzalls, circular saws, grinders and hammers to tools designed for specific applications such as diamond drill rigs and Steel Hawg cutting systems. In addition, over 3,500 accessories are available to support every product. End user customers are primarily sophisticated professional tool users. Milwaukee is headquartered in Brookfield, Wisconsin.

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Buyer(S) 1

Buyer

Techtronic Industries

Hong Kong, China
Category Company
Founded 1985
Sector Consumer Products
Employees47,224
Revenue 13.7B USD (2023)
DESCRIPTION

Techtronic Industries is a global designer, manufacturer, and marketer of power tools, outdoor power equipment, and floor care and appliances for consumers, professional and industrial users in the home improvement, repair and construction industries. Techtronic Industries was founded in 1985 and is based in Hong Kong, China.

DEAL STATS #
Overall 1 of 2
Sector (Consumer Products) 1 of 2
Type (Divestiture) 1 of 2
State (Wisconsin) 1 of 1
Country (United States) 1 of 2
Year (2004) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-07 Whirlpool - Hoover Floor Care Business

United States

Hoover offers a comprehensive line of products for general and special- purpose vacuuming and carpet washing, including full-size uprights and canisters, deep cleaners, and hard-floor cleaners.

Buy $107M

Seller(S) 1

SELLER

Atlas Copco

Nacka, Sweden
Category Company
Founded 1873
Sector Machinery
Employees53,728
Revenue 172.7B SEK (2023)
DESCRIPTION
Entrance to an Atlas Copco facility in Rock Hill, South Carolina.
Entrance to an Atlas Copco facility in Rock Hill, South Carolina.

Atlas Copco is a diversified industrial group. The Company is a manufacturer of compressors, expanders and air treatment systems, construction and mining equipment, power tools, and assembly systems. Atlas Copco was founded in 1873 and is based in Nacka, Sweden.

DEAL STATS #
Overall 4 of 8
Sector (Consumer Products) 1 of 1
Type (Divestiture) 4 of 7
State (Wisconsin) 1 of 1
Country (United States) 2 of 4
Year (2004) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-23 CP Qianshao Power Tools

China

CP Qianshao (Qingdao) Power Tools Ltd. is an air tool manufacturer.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-14 Baker Hughes Mining Tools

Grand Prairie, Texas, United States

Baker Hughes Mining Tools, Inc. is a manufacturer of consumables for rotary drilling and raise boring.

Buy -
Mergr

Product

Company

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