Schaan (FL) - August 5, 2024 After more than 30 years of operations in Russia and more than 15 years in Belarus, the Hilti Group has decided to exit both markets. Since 2022 the Hilti Group has significantly ramped down its operations in and ceased all exports to Russia and Belarus. Pending government approval, the Hilti Group will sell all its local operations to the local management. Given the circumstances this is the best solution for the local team members. The local entities will be entirely separated from the Hilti Group and operate independently. They will no longer use the Hilti nor the Oglaend brand.
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The Hilti Russia annual revenue was $9.2 billion in 2026.
Narine Sarkisyants is the Vice President Marketing of Hilti Russia.
136 people are employed at Hilti Russia.