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Deleted member 174758
Atlas Copco bought the factories, designs, and the name (or at least the right to use it) when AEG started to break up in the 1990s. With that purchase came a large percentage of the American firm, Milwaukee, for whom AEG had designed and made power tools (mainly jigsaws, circular saws, SDS drills and cordless tools). Atlas Copco also bought Kango in the UK (presumably to get hold of the breaker technology as the Wolf side of that business had pretty much withered and died by 1990) and merged them into the German operation by the late 1990s with production of the Kango hammers going to Winnenden in Germany and all the old Wolf-derived tools bring dropped from production and/or replaced by rebadged AEG tools. Kango eventually became a sub-range within the Milwaukee rangethe renowned German engineering company, AEG, went bust since then. some parts were bought up. For domestic appliances, the brand name is owned by Electrolux who stick it on some of their products. I don't know if anyone bought the rights to use the badge for power tools.
Anyway A-C decided in the early noughties to get out of the power tool market and sold off their power tool interests (AEG and Milwaukee/Kango) to TTI in Hong Kong, who already owned Ryobi.
The Winnenden operation still makes AEG tools, which they now seem to have positioned between Milwaukee (trade) and Ryobi (DIY/light trade) with some former Ryobi toools now being rebadged AEG (e.g 1/2in routers, chop saws, etc). AEG also make some of the Milwaukee tools (e.gsome of the recip saws, cordless tools, etc) and are responsible for battery and cordless tool development and manufacture for AEG and Milwaukee only (Ryobi is a separate operation)
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