Tennant

Tennant Company (NYSE: TNC), headquartered in Eden Prairie, Minnesota, is a world leader in designing, manufacturing, and marketing cleaning solutions. Founded in 1870, Tennant offers a wide range of floor cleaning machines, coatings, and solutions to help customers maintain clean and safe environments across industrial, commercial, and outdoor spaces. The company reported sales of USD 1.24 billion in 2023 and has approximately 4,500 employees globally. Tennant sells its products directly in 15 countries and through distributors in more than 100 countries.

Tennant's product portfolio includes:

• Floor cleaning machines: Walk-behind and ride-on scrubbers, sweepers, and burnishers for various facility types and sizes

• Coatings: Floor care solutions to protect and maintain surfaces

• Robotic cleaning solutions: Autonomous mobile robots (AMRs) for floor cleaning, developed in partnership with Brain Corp

• Detergent-free and sustainable cleaning technologies

• Cleaning tools and supplies

In February 2024, Tennant announced an exclusive technology agreement with Brain Corp to accelerate the development and adoption of robotic floor cleaning solutions. This partnership aims to improve customer return on investment and enable more widespread adoption of robotic cleaning technology. As part of this agreement, Tennant invested USD 32 million in Brain Corp and plans to launch new AMR products, starting with the X4 ROVR in the second quarter of 2024.