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Chervon

Power Tools · Nanjing, China · Since 1994

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Who owns Chervon?

Chervon is listed in Hong Kong (2285). Founder Pan Longquan is its ultimate controlling shareholder.

Verified November 5, 2026 · 3 sources

Latest at Chervon

Updated Oct 12, 2026

Chervon competes mainly through EGO in battery outdoor equipment, where it reported market-share gains in 2025, while FLEX and SKIL faced a tougher power-tool market. In September 2026 it appointed Joseph Galli Jr., TTI's chief executive from 2008 to 2024 and earlier President of Worldwide Power Tools and Accessories at Black & Decker, as CEO.

Ownership

  1. Founder, Chairman and Executive DirectorPan Longquan, founder and chairman of ChervonPan Longquan
  2. Operating companyChervon Holdings Limited
  3. BrandChervon

Chervon Holdings Limited has been listed on the Stock Exchange of Hong Kong since 30 December 2021 (stock code 2285). Its 2025 annual report identifies founder Pan Longquan as the ultimate controlling shareholder of the group.

Full ownership note

Chervon Holdings is the group head, so no separate parent company is listed.

  • Joseph Galli Jr., chief executive officer of ChervonJoseph Galli Jr.Chief Executive Officer

Photos: Pan Longquan: Jiangsu Development Conference organizing committee (ourjiangsu.com), 2023; cropped by World Clean Biz; Joseph Galli Jr.: TTI 2018 Annual Report portrait (taken before he joined Chervon); cropped by World Clean Biz

Ownership & entity evidence
Chervon Holdings Limited with its five own brands and its ODM business for other brands
Own brands (OBM) made up 76.7% of Chervon's 2025 revenue; the rest came from products made for other brands.

Products

  • Outdoor power equipmentEGO is Chervon's battery-powered outdoor equipment brand; Chervon says the EGO platform offered more than 110 tools at the end of 2025 and recorded double-digit point-of-sale growth that year.
  • Power toolsFLEX, SKIL, DEVON and X-TRON cover professional and consumer power tools.
  • Products made for other brands (ODM)Own-brand (OBM) sales were 76.7% of 2025 revenue; the remainder came from products Chervon designs and makes for other brands.

Operations

Made by

  • In 2025 Chervon accelerated moving part of its production capacity from Nanjing to Vietnam and significantly increased its Vietnam capacity, citing flexibility around tariff tensions.
  • The relocation of production from the Steinheim facility in Germany to Nanjing was completed in 2025 as part of a cost and competitiveness initiative.

Sold through

  • In 2025 Chervon's business in North America fell 11.5% and in China 3.8%, while Europe grew 0.9% and the rest of the world 6.8%.
  • In 2025 Chervon and John Deere jointly launched the Z370RS Electric ZTrak mower powered by EGO 56V ARC Lithium batteries.
Manufacturing & channel evidence
Chervon 2025 revenue, gross margin and segment changes for outdoor power equipment and power tools
In 2025 group revenue fell 8.2% to US$1,627.8 million; outdoor power equipment was flat while power tools fell 18.3%.
For buyers and distributors: what to verify (4)
  1. Confirm the factory and country of origin for each SKU and production run, as origin may change.
  2. For FLEX products, check the current origin and the responsible European entity rather than relying on older origin information.
  3. Confirm which Chervon brands and models are officially offered in the destination market and through which entity.
  4. For co-branded products, confirm which company sells, services and warrants the product in your market.

Competition

Timeline

  1. Chervon lists in Hong Kong

    Chervon Holdings Limited listed on the Stock Exchange of Hong Kong under stock code 2285.

    Sources: [1]

  2. Steinheim production moved to Nanjing

    Chervon completed moving production from its Steinheim facility in Germany to Nanjing and expanded capacity in Vietnam.

    Sources: [1]

  3. Chervon publishes its 2025 annual report

    Revenue fell 8.2% to US$1,627.8 million and net profit fell 13.3%; outdoor power equipment revenue rose 0.1% and power tools revenue fell 18.3%.

    Sources: [1]

  4. Joseph Galli Jr. becomes CEO

    The Board appointed Joseph Galli Jr. as Chief Executive Officer, succeeding founder Pan Longquan, who remains Chairman and Executive Director.

    Sources: [2]

Earlier milestones (1)
  • · Predecessor company founded in Nanjing [1]

News & analysis

FLEX's official 2022 centenary artwork, showing a grinder cutting metal with sparks stylized as fireworks.Industry · FLEX's Next Century: Can It Become Chervon's Milwaukee?Joe Galli's historical portrait from TTI's 2018 annual report, alongside an editorial title about his first appointments at Chervon.Industry · Less Than a Month In, Galli Is Already Building a New Team at ChervonJoseph Galli in Chervon’s official CEO appointment announcementIndustry · The Man Who Helped Build DeWalt and Milwaukee Has Joined Chervon

Sources (3)

Chervon Holdings Limited (HKEXnews), Chervon · Show all
  1. Annual Report 2025 — Chervon Holdings Limited (HKEXnews) · Published Apr 24, 2026 · Accessed Nov 5, 2026
  2. Chervon Appoints Joseph Galli Jr. as Chief Executive Officer to Lead Next Stage of Global Growth — Chervon · Published Sep 10, 2026 · Accessed Nov 5, 2026
  3. Chervon — Chervon · Accessed Nov 5, 2026

First published: Nov 6, 2026 · Last verified: Nov 5, 2026 · Last updated: Nov 6, 2026