Tennant Company Explained

Type:Public
Traded As:
S&P 600 component
Founded:1870
Founder:George H. Tennant
Founders:-->
Area Served:worldwide
Areas Served:-->
Key People:Dave Huml (CEO)
Products:cleaning machines
Brands:Tennant, IPC, Nobles, Alfa
Owners:-->
Website:
Homepage:-->

The Tennant Company (TNC:NYQ) is a company with about 4000 employees that provides cleaning products. It is a company that is listed in the New York Stock Exchange.

Background

Tennant's products are used to clean and coat surfaces. The Company operates through the following operating segments: North America, Latin America, Europe, Middle East, Africa, and Asia Pacific.[1]

The company was founded in Minneapolis by George H. Tennant as a wood-working business in 1870.[2] It was incorporated in 1909.[3]

Tennant is the U.S. market leader in cleaning equipment.[4]

In 2017, Tennant announced the acquisition of IPC Group, a company based in Italy manufacturing cleaning machines.[5]

In, 2018, Tennant launched their first fully-autonomous scrubber powered by the Brain Corp. AI Operating System.

As of May, 2023, the Tennant Company is the world's largest manufacturer of autonomous mobile robots with over 6,000 units deployed across the world.

References

  1. Web site: Tennant Co, TNC:NYQ profile - FT.com . 2023-10-11 . markets.ft.com.
  2. Web site: About Us - Tennant Company - Indoor and Outdoor Cleaning Solutions, Specialty Floor Coatings . 2023-10-11 . www.tennant.co.uk.
  3. Web site: Tennant Company Stock Keeps Cleaning up. 12 August 2014.
  4. Web site: Who is the biggest floor-cleaning equipment maker in town?. Star Tribune.
  5. News: 7 April 2017 . Tennant's IPC Group Buyout to Strengthen Foothold in EMEA . NASDAQ News .