Tennant Company

Last updated
Tennant Company
Company typePublic
NYSE:  TNC
S&P 600 component
Founded1870
FounderGeorge H. Tennant
Area served
worldwide
Key people
Dave Huml (CEO)
Productscleaning machines
BrandsTennant, IPC, Nobles, Alfa
Website tennantco.com

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.

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References

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