Tennant Co - Company Profile
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Business Description
Tennant Co (Tennant) is a designer, manufacturer and market floor cleaning equipment. The company’s product portfolio comprises floor maintenance and outdoor cleaning equipment, specialty surface coatings, preservation products, parts and consumables, and related products, which are used to clean and coat floors in factories, office buildings, parking lots and streets, airports, hospitals, schools, warehouses, and shopping centers. Tennant products are used in many types of environments including, retail establishments, factories and warehouses, distribution centers, public venues such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, parking lots and streets, and others. Tennant Company has a global presence, with operations in North America, Europe, Asia Pacific, and Latin America. The company has a network of distributors and authorized service providers in over 100 countries, ensuring that customers can access its products and services worldwide. The company operates 11 global manufacturing facilities. Tennant sells products through direct and various distribution channels across the world. In North America, it sells them through a direct sales organization and independent distributors. It also sells its products in Australia, Japan and other countries mainly in Western Europe. The company's manufacturing facilities located in Holland, Michigan; Venice, Cremona, Padua and Reggio Emilia in Italy; Minneapolis, Minnesota; and; Uden, The Netherlands. The company has sales offices, warehouse and storage facilities leased in various locations in the US, Canada, Mexico, Portugal, Spain, Italy, Germany, France, The Netherlands, Belgium, Norway, the United Kingdom, Japan, China, India, Australia, New Zealand and Brazil. The company operates through three reportable geography segments: Americas, Asia Pacific (APAC) and Europe, Middle East, Africa (EMEA). The company markets its products under the brands Nobles, Tennant, IRIS, IPC, VLC, Alfa Uma Empresa Tennant, Gaomei and Rongen and others.
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R&D Overview
The company operates a Global Innovation Center in Minnesota, the US. Its R&D activities include new technologies for product differentiation and improvements on existing product design as well as development of new products. It focuses to improvise manufacturing processes and explore new product applications for customers. In FY2022, the company spent US$31.1 million on R&D, which stood at 2.8% of the company’s revenue and decreased by 3.4% YoY.
Product Categories
Performance
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Performance
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Performance
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Geographical Segments
Performance
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Performance
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Performance
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