CHICAGO--(BUSINESS WIRE)--Chervon, one of the world’s top 10 manufacturers of power tools, outdoor power equipment and related products, has completed the purchase of the SKIL and SKILSAW brands from Robert Bosch Tool. The acquisition gives Chervon complete control over the SKIL and SKILSAW businesses in the North American market. Part of a tremendous growth period for Chervon, the company is relocating its North American headquarters to Naperville, Ill. By May of 2017, Chervon will have hired or transitioned more than 100 employees in North America with plans to grow to up to 200 strong within the next several years.
Chervon and SKIL: Building on a shared heritage of innovation
“Both Chervon and SKIL are pioneers in the power tool market, making the acquisition a natural fit for us. We specialize in combining cutting-edge technology with exceptional quality to deliver the best tools to our end-users. SKIL complements our existing brand portfolio and approach, and further strengthens our competitive position in the global power tool and outdoor power equipment industry,” said Peter L.Q. Pan, President of Chervon (HK) Ltd.
For more than 20 years, Chervon has been at the forefront of power tool and outdoor equipment innovation. The company was the first in the world to mount lasers to portable power tools in 2003. Later they purchased FLEX, the inventor of the angle grinder based in Stuttgart, Germany, and in 2014, launched the first high capacity Lithium-Ion battery-driven outdoor power equipment line, EGO, now the number one brand in its category.
Similarly, SKIL is a highly regarded tool brand with a deep heritage of innovation and quality for both professionals and consumers. In 1924, SKIL invented the world’s first electric hand saw and built its reputation as one of the top DIY power tool brands. SKILSAW is widely accepted as the brand of choice for professionals. Through the acquisition, Chervon aims to leverage that equity and infuse both brands with capital investment and new product development resources while staying true to the heritage and positioning of the brands.
Expanding the SKIL and SKILSAW Product Lines
“SKIL and SKILSAW are iconic brands with incredible awareness. We will maintain the high standards professionals demand of the SKILSAW brand and provide the resources to expand the assortment with a focus on professional cutting, leveraging our worm drive technology,” said Bill Boltz, CEO of Chervon North America.
Chervon’s new North American Headquarters in Naperville
As a result of tremendous growth for Chervon over the last decade, the company is relocating its North American headquarters to a 124,000-square-foot facility at 1203 E. Warrenville in Naperville, Ill. Chervon will move in to its state-of-the-art headquarters in May of 2017, hiring and transitioning more than 100 employees in North America with plans to grow to up to 200 strong within the next several years.
About Chervon
CHERVON has always committed to helping to build a better world by building better tools. We focus on hand-held portable power tools, stationary bench tools, laser and electronic equipment and outdoor power equipment. With world-class R&D, testing and manufacturing capabilities; collaborating sales & marketing groups; industrial design professionals and service teams throughout the world, we are able to provide satisfying solutions that meet or surpass our customers’ expectations. Over more than 20 years, CHERVON has earned its reputation for continuous innovation and dedicated pursuit of professionalism. Today, CHERVON-built products are sold by more than 30,000 stores in 65 countries. We pride ourselves on being a TOP 10 player in the global power tool industry.
For additional information please visit CHERVON online at www.chervongroup.com.
