Who Owns Milwaukee Tool?
Updated onExplore the ownership hierarchy of Milwaukee Tool. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Milwaukee Tool
Milwaukee Tool is an American manufacturer of professional heavy-duty power tools, hand tools, accessories, storage systems, and safety gear primarily for the construction trades and industrial users.
Techtronic Industries North America
Techtronic Industries North America (TTI North America) is the North American subsidiary of Techtronic Industries that serves as an investment holding and regional operating company for power tools and outdoor equipment brands such as RYOBI and Homelite.
Techtronic Industries Company Limited
Techtronic Industries Company Limited is a Hong Kong–listed global manufacturer and marketer of cordless power tools, outdoor power equipment, and floorcare and cleaning products serving professional, industrial, DIY, and consumer markets worldwide.
Milwaukee Tool
Milwaukee Tool is an American manufacturer of professional heavy-duty power tools, hand tools, accessories, storage systems, and safety gear primarily for the construction trades and industrial users.
Techtronic Industries North America
Techtronic Industries North America (TTI North America) is the North American subsidiary of Techtronic Industries that serves as an investment holding and regional operating company for power tools and outdoor equipment brands such as RYOBI and Homelite.
Techtronic Industries Company Limited
Techtronic Industries Company Limited is a Hong Kong–listed global manufacturer and marketer of cordless power tools, outdoor power equipment, and floorcare and cleaning products serving professional, industrial, DIY, and consumer markets worldwide.
Major Shareholders
Milwaukee Tool
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Techtronic Industries Company Limited (TTI) Milwaukee Tool (Milwaukee Electric Tool Corporation) is not itself listed; it is a wholly owned subsidiary of Techtronic Industries Company Limited, a Hong Kong–listed power tool and floor‑care group (stock code 0669.HK). | Corporate | 100.0% | 100.0% | — |
Horst Julius Pudwill Co‑founder and Executive Chairman of TTI; Hong Kong disclosure summaries and analytics services indicate that he and related entities (including Cordless Industries and Pudwill family holdings) own roughly 20–22% of TTI (around 364–400 million shares in 2024–2025), making him the single largest shareholder and key controlling individual behind Milwaukee Tool’s parent company. | Founder | — | — | Oct 2025 |
J.P. Morgan Chase & Co. (and affiliates) ETNet’s register‑based summary of Hong Kong disclosure filings lists J.P. Morgan Chase & Co. and its affiliates as holding about 201.2 million shares of Techtronic Industries, approximately 10.98% of issued share capital as of December 31, 2024, making it one of the largest institutional shareholders of Milwaukee Tool’s parent. | Institutional | — | — | Dec 2024 |
The Bank of New York Mellon Corporation The same Hong Kong shareholder disclosure summary shows The Bank of New York Mellon Corporation holding roughly 134.9 million TTI shares (about 7.36% of issued share capital) as of December 31, 2024, largely in its roles as asset manager and depositary bank. | Institutional | — | — | Dec 2024 |
The Capital Group Companies, Inc. (incl. Capital Research & Management) ETNet data reports The Capital Group Companies, Inc. and subsidiaries owning about 128.2 million Techtronic Industries shares (approximately 7.0% of the company) as of June 16, 2025; Investing.com likewise identifies Capital Research and Management (part of Capital Group) as a top institutional holder with just under 5% of TTI shares in late 2025. | Institutional | — | — | Jun 2025 |
BlackRock, Inc. Investing.com’s ownership breakdown shows BlackRock, Inc. as the single largest institutional holder, with around 91.6 million TTI shares (roughly 5.0% of shares outstanding) reported as of May 23, 2025; BlackRock’s stewardship materials also highlight its governance engagement with Techtronic Industries. | Institutional | — | — | May 2025 |
The Vanguard Group, Inc. The same dataset lists The Vanguard Group, Inc. holding about 60.5 million Techtronic Industries shares (around 3.3% of shares outstanding) as of October 31, 2025; together with other asset managers, this contributes to a free float of roughly 75% of TTI’s share capital spread across many institutional and public investors. | Institutional | — | — | Oct 2025 |
Techtronic Industries North America
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Techtronic Industries Company Limited (TTI, HKEX:669) Techtronic Industries North America, Inc. (TTiNA) is described in U.S. federal litigation as a wholly‑owned subsidiary of Techtronic Industries Co. Ltd. ("TTI‑HK"), meaning all of its equity is held by the Hong Kong‑listed parent rather than by outside investors. At the group level, TTI states that the Pudwill family is its largest shareholder, with the remaining free float largely held by North American and European institutional investors. | Corporate | 100.0% | 100.0% | — |
Techtronic Industries Company Limited
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Horst Julius Pudwill Founder and Executive Chairman of Techtronic Industries. Hong Kong shareholding disclosures list him with about 397.8 million shares, or 21.71% of issued share capital as of 31 December 2024, making him the largest single shareholder. TTI confirms that the Pudwill family as a whole remains the company’s largest shareholder, and the company has a single class of ordinary shares so voting power broadly tracks ownership. | Founder | 21.7% | 21.7% | Dec 2024 |
J.P. Morgan Chase & Co. Global financial group; Hong Kong disclosure-of-interests data show J.P. Morgan Chase & Co. holding about 201.2 million TTI shares, representing approximately 10.98% of issued share capital as of 31 December 2024. These shares are largely held via its asset-management and custody businesses on behalf of underlying clients. | Institutional | 11.0% | 11.0% | Dec 2024 |
The Bank of New York Mellon Corporation US banking group and depositary bank. Hong Kong filings list The Bank of New York Mellon Corporation with roughly 134.9 million shares (about 7.36% of TTI) as of 31 December 2024. BNY Mellon also serves as depositary for TTI’s Level 1 ADR program (ticker TTNDY), so a substantial portion of this stake represents ADR shares held on behalf of underlying investors rather than proprietary holdings. | Institutional | 7.4% | 7.4% | Dec 2024 |
The Capital Group Companies, Inc. US-based asset manager. Hong Kong disclosure-of-interests records indicate The Capital Group Companies, Inc. owned about 128.2 million TTI shares, or roughly 7.0% of the company, as of 16 June 2025. This group-level stake aligns with fund-level positions reported for Capital Research and Management Company and related Capital Group funds. | Institutional | 7.0% | 7.0% | Jun 2025 |
BlackRock, Inc. World’s largest asset manager. Institutional-holder data show BlackRock, Inc. controlling around 91.6 million TTI shares, equivalent to about 5.01% of shares outstanding as of 23 May 2025, held through various BlackRock funds and subsidiaries (including entities such as BlackRock Fund Advisors and BlackRock Investment Management (UK) Ltd). | Institutional | 5.0% | 5.0% | May 2025 |
The Vanguard Group, Inc. US index-fund and ETF manager. Ownership filings list The Vanguard Group, Inc. with approximately 60.5 million TTI shares, representing about 3.31% of shares outstanding as of 31 October 2025, primarily held in broad international equity index funds. | Institutional | 3.3% | 3.3% | Oct 2025 |
EdgePoint Investment Group Inc. Canadian investment manager. Institutional ownership data show EdgePoint Investment Group Inc. holding about 39.1 million TTI shares, or roughly 2.14% of the company, as of 30 June 2025, mainly via its global equity portfolios. | Institutional | 2.1% | 2.1% | Jun 2025 |
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