![]() ![]() With this information, they revised the tool, and it became a necessity for anyone working in automotive or metalworking. But this allowed the brand to learn about all the problems in their designs as well as determine who specifically was using their tools. While the hole-shooter was very successful for Milwaukee tools, they made most of their money in the beginning by repairing tools rather than selling them. However, Siebert managed to purchase the remaining assets of the company at auction and used them to reopen as Milwaukee Electric Tool Corporation. Petersen Company together, but it was destroyed shortly after its creation by fire. Petersen soon had a new business partner, Albert F. It could be operated with one hand but still had enough power for heavy-duty jobs. ![]() Soon, Petersen had developed the hole-shooter, a lighter and more compact version of the drill that weighed just 5 pounds. Henry Ford needed the common ¼-inch power drill to be improved, and he found a man willing to do it named A.H. Milwaukee tools were first created in 1924, but the brand’s story starts earlier. This resulted in a change of leadership and strategy, which allowed Hilti to break the one-billion-dollar turnover threshold in North America for the first time in 2015. But in 2009, an economic downturn caused the company to undergo major changes. By the early 2000s, the company had begun to prioritize community culture. New international markets soon followed, including Russia and South America, as Hilti continued its path toward globalization.įounder Martin Hilti died shortly after in 1997, but the company continued its forward trajectory. The company continued its expansion, and in 1990, Michael Hilti, son of Martin Hilti, took over the position of CEO. In 1980, the Martin Hilti Family Trust was established, and the brand continued to reach out, finally securing markets in America, Africa, Asia, and Europe. An executive board was then formed in the mid-1970s. It wasn’t long before Hilti started opening up manufacturing plants in companies all over the world, starting in Kaufering, Germany. By the end of the 1960s, Hilti had introduced the first electro-pneumatic hammer drill and the first mechanical anchor systems. One of the founding brothers, Eugen Hilti, died in 1964, but the company continued to grow. But Hilti’s big breakthrough came in 1957 when they released the world’s first powder-actuated tool, the DX 100.īy the time the 1960s arrived, Hilti had grown substantially and operated in approximately 30 countries. By 1952, Hilti had brokered its first international sales agreement, helping to push the brand forward. By the end of the 1940s, Hilti had received its first patent and started to manufacture actuated nail guns and hand-drive tools. Hilti was founded in 1941 by brothers Martin and Eugen Hilti. ![]()
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