Acquisition marks next stage for Techtronic

Its $105 million acquisition of Royal Appliance is the latest in a brilliant foray by a company whose share price has more than doubled this year. But what is Techtronic and why does it have global significance?

It may seem strange that a company run and owned by a German engineer and a Hong Kong Chinese should symbolise one of the most phenomenal trends driving the world economy.

And yet medium-sized enterprise, Techtronic is a microcosm of a manufacturing and branding revolution that has the China story at its core. And with a stock price that started the year at HK$3 and ended it at over HK$7, investors obviously agree - indeed, it ranks as one of the few stocks in Hong Kong to double in what is agreed by all to have been a very trying year.

When you look at the annual report and the graphs of the...

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