The Inovance Group is a leading provider of industrial automation solutions. The company was founded in 2003 in Shenzhen, China. Inovance's flexible production techniques and expert understanding of all industry sectors – from elevators to plastics to electric vehicles to robotics – has allowed the company to establish globally leading industry-specific business units. For example, Inovance's elevator and escalator business unit – Monarch – is one of the world's largest suppliers of elevator and escalator control solutions.
Inovance overview video
Inovance forms long-term partnerships with its customers. To achieve this, the group offers more than just products: working with Inovance gives customers access to world-class manufacturing and R&D facilities, as well as highly skilled engineering and industry-sector specialists.
In 2012, Inovance established Inova – its international export arm – and embarked on a rapid program of global expansion. From an international export office in Hong Kong, Inovance has now established offices in India, South Korea, Germany, France and Italy, as well as a significant European R&D presence.
The Inovance France team exhibiting at the Global Industrie Show, Lyon in 2019
World-leading manufacturing and R&D quality
Inovance's ultra-modern global manufacturing facility is ISO 9001 certified and follows continuous improvement principles to achieve world-class standards. Rigorous inspection techniques, such as solder paste inspection, automated optical inspection, furnace temperature inspection, in-circuit testing and functional testing of the finished assembly ensure world-class manufacturing. Meanwhile, statistical process control is used to monitor process consistency.
World-leading manufacturing quality
Inovance invests 10% of revenues in R&D and employs 800 engineers focused on three areas: core technologies, product development and industrial applications. The group uses a uniquely rigorous engineering process that incorporates advanced design modelling,performance analysis and quality assurance techniques. R&D teams carry out significant integrity testing of all technologies in-house.
Rapid growth and high potential
In 2018 Inovance achieved sales of $880M, and year-on-year growth of 24%. In 2016, rapid growth in sales revenues and staff numbers led to the group's selection for the Forbes Best under a Billion list for Asia.