Flex Power Tools is a new brand for professionals with a long history
Who owns a Flex power tool? The Chervon Group (not to be confused with energy company Chevron) is the owner of Flex Power Tools.
Who is Chervon Group?
Chervon is a global manufacturer from China with North American operations located in Naperville, IL. While we don't have exact numbers, internet sources indicate that it has around 200 employees in North America.
Chervon's vision statement is:
"Better Tools. A Better World."
Its mission statement is:
"Through continuous innovation to provide global users with excellent products, we are determined to become a global leader in lithium batteries, smart, digital age power tools and outdoor power equipment."
In 2021, Cervon will report revenue of more than $1.7 billion and a profit of just under $150 million. Both represent significant growth over the previous three years and a trend towards increased sales and profits.
Today, Chervon owns several well-known tool brands in North America, including Flex, EGO and Skil/Skilsaw. They also make power tools for other brands.
In our experience with each of these brands, we've found that they offer superior quality and often outperform competitors' offerings at the same price point.
Chervon Has a History of Flex Power Tools
Flex has been around as a power tool brand far longer than the 24V professional grade tools you can buy at Lowe's and other select manufacturers.
The Flex tools in the red color scheme are of the same brand, well known especially in the automotive industry. It debuted in Germany in 1922 – 100 years as we write this! Among its many innovations, Flextronics developed the world's first hand-held grinder with a flexible shaft back in 1954.
In 2013, the Chervon Group acquired Flextronics.
Over the past few years, Chervon has leveraged Flextronics' reputation for high-quality engineering and manufacturing and expanded it into a more far-reaching 24V cordless system for professional contractors across multiple industries.
In just the past two years, we've seen Flex redefine the limits of core tools such as rotary hammers. We have seen the development of stacked pouch lithium batteries with higher capacity batteries than anyone. With each new product release, we consistently see the discovery that technology, innovation, and design can solve specific pain points or limit contractors from using other tools.
Click here to see our review of the Flex tool.
Have you used any Flex tools? Let us know your thoughts in the comments below!