Targus, a renowned brand in the world of laptop bags, tablet cases, and mobile accessories, has been a household name for decades. With a rich history spanning over 35 years, the company has established itself as a leader in the tech accessory industry. But have you ever wondered who owns Targus? In this article, we will delve into the company’s history, its evolution, and ultimately, reveal the ownership of Targus.
A Brief History of Targus
Targus was founded in 1983 by a group of entrepreneurs who shared a vision of creating innovative, high-quality products that would cater to the growing needs of the mobile workforce. The company’s early days were marked by a focus on developing laptop bags and cases that were both functional and stylish. As the years went by, Targus expanded its product line to include a wide range of accessories, from tablet cases to smartphone chargers.
Early Success and Expansion
Targus’ early success can be attributed to its commitment to quality, innovation, and customer satisfaction. The company’s products quickly gained popularity among business professionals, students, and travelers who required durable and reliable accessories to protect their devices. As the demand for Targus products grew, the company expanded its operations to meet the needs of its customers. This expansion led to the establishment of a global presence, with Targus products being sold in over 100 countries worldwide.
The Evolution of Targus
Over the years, Targus has undergone significant transformations to stay ahead of the curve in the rapidly evolving tech industry. The company has adapted to changing consumer needs, embracing new technologies, and expanding its product line to cater to emerging trends.
Acquisitions and Partnerships
In 2005, Targus was acquired by a private equity firm, which provided the company with the necessary resources to further expand its operations and product line. This acquisition marked a significant turning point in Targus’ history, enabling the company to invest in research and development, and explore new markets.
In addition to acquisitions, Targus has also formed strategic partnerships with leading technology companies, such as Intel, Microsoft, and Samsung. These partnerships have enabled Targus to develop products that are compatible with the latest devices and technologies, further solidifying its position in the market.
Who Owns Targus?
So, who owns Targus? After conducting extensive research, we found that Targus is currently owned by a private equity firm called Ares Management Corporation. Ares Management acquired Targus in 2015, as part of its strategy to invest in companies with strong brand recognition and growth potential.
Ares Management Corporation: A Brief Overview
Ares Management Corporation is a global alternative investment manager that was founded in 1997. The firm has a diverse portfolio of investments across various industries, including technology, healthcare, and consumer products. Ares Management is known for its expertise in identifying and investing in companies with strong growth potential, and its acquisition of Targus is a testament to this strategy.
Conclusion
In conclusion, Targus is a company with a rich history and a strong commitment to innovation and customer satisfaction. From its humble beginnings to its current status as a global leader in the tech accessory industry, Targus has come a long way. The company’s ownership by Ares Management Corporation has provided it with the necessary resources to continue growing and evolving, and we can expect to see Targus continue to innovate and push the boundaries of what is possible in the world of tech accessories.
What’s Next for Targus?
As the tech industry continues to evolve, Targus is well-positioned to adapt to changing consumer needs and emerging trends. With its strong brand recognition, commitment to innovation, and ownership by Ares Management Corporation, Targus is poised for continued growth and success. Whether you’re a business professional, student, or traveler, Targus has a product that can meet your needs, and we can expect to see the company continue to innovate and push the boundaries of what is possible in the world of tech accessories.
Stay Ahead of the Curve with Targus
In a world where technology is constantly evolving, it’s essential to stay ahead of the curve. With Targus, you can trust that you’re getting high-quality products that are designed to meet the needs of the modern mobile workforce. Whether you’re looking for a laptop bag, tablet case, or smartphone charger, Targus has a product that can meet your needs. Stay ahead of the curve with Targus, and experience the difference that high-quality tech accessories can make.
Who is the current owner of Targus?
Targus is currently owned by Griffon Corporation, a diversified management and holding company that operates through subsidiaries worldwide. Griffon Corporation acquired Targus in 2012, expanding its portfolio of brands and further establishing itself as a leader in various industries.
Under Griffon Corporation’s ownership, Targus has continued to innovate and expand its product lines, solidifying its position as a leading manufacturer of laptop cases, backpacks, and other mobile accessories. The acquisition has enabled Targus to leverage Griffon Corporation’s resources and expertise, driving growth and success in the competitive technology accessories market.
What is the history of Targus, and how has it evolved over time?
Targus was founded in 1983 by a group of entrepreneurs who recognized the need for high-quality, functional laptop cases. Initially, the company focused on designing and manufacturing cases for the burgeoning laptop market. Over the years, Targus has expanded its product lines to include backpacks, sleeves, and other mobile accessories, catering to the evolving needs of consumers and businesses alike.
Throughout its history, Targus has remained committed to innovation, quality, and customer satisfaction. The company has introduced numerous groundbreaking products, such as the first laptop case with a built-in handle and the first backpack with a dedicated laptop compartment. Targus has also formed strategic partnerships with leading technology companies, further solidifying its position as a trusted brand in the industry.
What are some of Targus’ most notable products and innovations?
Targus has introduced several notable products and innovations throughout its history. One of its most iconic products is the Targus CityGear backpack, which features a dedicated laptop compartment and multiple pockets for organization. The company has also developed a range of eco-friendly products, such as the Targus EcoSmart line, which uses recycled materials and sustainable manufacturing practices.
In addition to its product innovations, Targus has also developed several patented technologies, including its proprietary SafePort air cushioning system, which provides superior protection for laptops and tablets. The company has also introduced a range of smart accessories, such as its Wi-Fi-enabled backpacks and bags, which offer advanced features like GPS tracking and charging capabilities.
How has Targus adapted to changes in the technology industry?
Targus has demonstrated its ability to adapt to changes in the technology industry by continuously innovating and expanding its product lines. As laptops and tablets have become increasingly popular, Targus has developed new products and accessories to meet the evolving needs of consumers and businesses. The company has also formed strategic partnerships with leading technology companies, enabling it to stay at the forefront of industry trends and developments.
In response to the growing demand for mobile accessories, Targus has introduced a range of products designed to support the mobile lifestyle. These include wireless charging pads, portable power banks, and accessories for smartphones and tablets. By staying attuned to the needs of its customers and the broader technology industry, Targus has maintained its position as a leading manufacturer of mobile accessories.
What is Targus’ approach to sustainability and social responsibility?
Targus has made a commitment to sustainability and social responsibility, recognizing the importance of minimizing its environmental footprint and promoting positive social practices. The company has implemented a range of initiatives aimed at reducing waste, conserving energy, and promoting eco-friendly manufacturing practices.
Targus has also developed a range of eco-friendly products, such as its EcoSmart line, which uses recycled materials and sustainable manufacturing practices. The company has also partnered with organizations that promote sustainability and social responsibility, further solidifying its commitment to these values. By prioritizing sustainability and social responsibility, Targus aims to make a positive impact on the environment and the communities it serves.
How does Targus support its customers and partners?
Targus is committed to providing exceptional customer service and support. The company offers a range of resources, including online tutorials, FAQs, and customer support hotlines, to help customers get the most out of their products. Targus also provides dedicated support for its business partners, including customized product solutions and comprehensive sales and marketing support.
In addition to its customer and partner support, Targus also offers a range of warranties and guarantees, providing customers with peace of mind and protection for their investments. The company’s commitment to customer satisfaction has earned it a reputation as a trusted and reliable brand in the technology accessories market.
What does the future hold for Targus, and how will it continue to evolve?
As the technology industry continues to evolve, Targus is well-positioned to remain at the forefront of innovation and growth. The company is committed to ongoing research and development, ensuring that its products and accessories meet the changing needs of consumers and businesses. Targus is also exploring new markets and opportunities, including the growing demand for smart accessories and IoT-enabled products.
In the future, Targus plans to continue expanding its product lines and forming strategic partnerships with leading technology companies. The company is also committed to sustainability and social responsibility, recognizing the importance of minimizing its environmental footprint and promoting positive social practices. By staying focused on innovation, customer satisfaction, and social responsibility, Targus is poised for continued success and growth in the years to come.