Notes to the Consolidated Financial Statements Notes to the Consolidated Financial Statements Hilti Deutschland Logistik GmbH, Oberhausen Se Poland Hilti (Poland) Sp. z o.o., Warsaw S PEC Europe GmbH, Duisburg S Portugal Hilti (Portugal) – Produtos e Serviços Lda., Porto S Hilti Seuffer Electronics GmbH, Calw D Puerto Rico Hilti Caribe LLC, San Juan S Great Britain Hilti (Gt. Britain) Ltd., Manchester S Romania Hilti Romania SRL, Bucharest S Oglaend System UK Limited, Wednesbury S Russian Federation Hilti Distribution Ltd., Moscow S Greece Hilti Hellas S.A., Maroussi S LLC "Oglaend System", Saint Petersburg P, S Hong Kong Hilti Asia Ltd., Kowloon, Hong Kong H, Se Serbia Hilti SMN d.o.o. Beograd, Zemun S Hilti (Hong Kong) Ltd., Kowloon, Hong Kong S Singapore Hilti Far East Private Ltd., Singapore S Hungary Hilti (Hungária) Szolgáltató Kft., Budapest S Hilti Asia Pacific Pte. Ltd, Singapore Se Hilti Szerszám Kft., Kecskemét P, D Oglaend System Singapore Pte Ltd., Singapore S India Hilti India Private Ltd., Gurgaon S Slovakia Hilti Slovakia spol. s r.o., Bratislava S Hilti Manufacturing India Private Limited, Mumbai P, D Slovenia Hilti Slovenija d.o.o., Ljubljana S Hilti Technology Solutions India Private Limited, Pune Se South Africa Hilti Africa Holdings (Pty) Ltd., Johannesburg/Midrand H Indonesia PT Hilti Nusantara, Jakarta S Spain Hilti Española, S.A., Madrid S Ireland Hilti (Fastening Systems) Ltd., Dublin S Sweden Hilti Svenska AB, Arlöv-Malmö S Israel Hilti (Israel) Ltd., Petach Tiqva S Ögländ System AB, Höllviken S Italy Hilti Italia S.p.A., Sesto San Giovanni S Switzerland Hilti (Schweiz) AG, Adliswil S Japan Hilti (Japan) Ltd., Yokohama S Hilti Befestigungstechnik AG, Buchs Se Kazakhstan Hilti Kazakhstan LLP, Almaty S Hilti-Finanz GmbH, Buchs H, Se Korea Hilti (Korea) Ltd., Seoul S Taiwan Hilti Taiwan Co., Ltd., Taipei S Oglaend System Korea Co., Ltd., Busan S Thailand Hilti (Thailand) Ltd., Bangkok S Latvia Hilti Services Limited, Riga S Turkey Hilti Insaat Malzemeleri Ticaret A.Ş., Istanbul S Liechtenstein Hilti Deutschland AG, Schaan S Ukraine Hilti (Ukraine) Ltd., Kiev S Hilti Equipment Corporation, Schaan H United Arab Emirates Hilti Middle East FZE, Jebel Ali-Free Zone, Dubai S, Se Hilti (International) Services, Ltd., Schaan Se USA Hilti Inc., Plano, Texas S Hilti Service Corporation, Schaan Se Hilti of America, Inc., Delaware H Hilti (Schweiz) AG, Zweigniederlassung Schaan, Schaan S Hilti Holdings Limited, Delaware H Lithuania Hilti Complete Systems UAB, Vilnius S Hilti US Manufacturing, Inc., Cypress, California P Luxembourg Hilti Belgium S.A. Succursale, Luxembourg S Oglaend System US LLC, Houston, Texas S Macao Hilti (Hong Kong) Ltd. Macao Branch, Macao S Venezuela Hilti Venezuela, S.A., Caracas S Malaysia Hilti (Malaysia) Sdn. Bhd., Selangor S Vietnam Hilti Vietnam Company Limited, Ho Chi Minh City S Hilti Asia IT Services Sdn. Bhd., Selangor Se Oglaend Industries Sdn Bhd, Kuala Lampur P, D Less than 100% owned consolidated Group companies (subsidiaries) Mexico Hilti Mexicana, S.A. de C.V., Mexico City S Hilti Operaciones de Mexico, S.A. de C.V., Matamoros P Bahrain Hilti Bahrain Co. W.L.L., Manama (49%) S Montenegro Hilti Montenegro d.o.o Podgorica, Podgorica S China Handan HWC Manufacturing Ltd., Handan (80%) P Morocco Hilti Maroc S.A., Casablanca S Qatar Hilti Qatar W.L.L., Doha (49%) S Netherlands Hilti Nederland B.V., Berkel en Rodenrijs S Saudi Arabia Hilti Saudi Arabia for Construction Tools LLC, Riyadh (75%) S Hilti International Finance B.V., Berkel en Rodenrijs Se South Africa Hilti (South Africa) (Pty) Ltd., Johannesburg/Midrand (87.25%) S Oglaend System BV, Ridderkerk S United Arab Emirates Hilti Emirates LLC, Abu Dhabi (49%) S New Zealand Hilti (New Zealand) Limited, Auckland S Oglaend Industries Middle East LLC, Dubai (49%) S Norway Øglænd Group Holding AS, Kleppe H Although the Group owns less than half of the voting rights of Hilti Bahrain Co. W.L.L., Hilti Qatar W.L.L., Hilti Emirates LLC and Oglaend Øglænd Industrier AS, Kleppe H, Se Industries Middle East LLC, management has determined that the Group controls these four companies. The Group has control, as Øglænd System AS, Kleppe S, P, D contractual agreements grant the Group the right to appoint and remove management responsible for directing the relevant activities. In Panama Hilti Latin America S.A., Panama City S, Se addition, the Group is entitled to appoint, remove and substitute a majority of members of the companies’ Board of Directors. Transportes Continentales S.A., Panama City Se Hilti Regional Services S.A., Panama City Se Peru Hilti Peru S.A., Lima S Philippines Hilti (Philippines) Inc., Metropolitan Manila S 2020 Financial Report | 66 2020 Financial Report | 67