Inovance Technology


The Inovance Group was founded in 2003 in Shenzhen, a city in one of China's most successful Special Economic Zones. It made its initial public offering on the Shenzhen Stock Exchange in 2010* and has since been tracked by Forbes as an SME with most potential. Rapid growth in sales revenues and staff numbers led to the Group's selection for the Forbes 2016 Best under a Billion list, which highlights Asia-Pacific companies with less than $1bn in sales but consistently high top and bottom line gains.

As a young and dynamic organization, the Group has established an effective structure on which to realize its promising future. Its aim is to become one of the leading providers of industrial automation products and solutions, something that it believes can best be achieved by helping more and more customers to succeed in their own objectives through close cooperation as partners.

Customers find more than just products when they work with the Inovance Group. They gain access to world-class manufacturing facilities and highly skilled sector-specialists. It is this combination of flexible production techniques and in-depth understanding of the requirements of a given sector that enables business units within the Group to deliver comprehensive solutions. Monarch is one such business unit, specializing in providing Elevator & Escalator control solutions.



Forward, Always Progressing !


The Inovance Group continues to move forward and in 2015 achieved sales revenues of USD 441M, a year-on-year growth of +23.5%. Through sustained innovation, the Group delivers new technology products for the industrial automation market and pursues new opportunities in the New Energy sectors of Electric Vehicle and Light Rail Transit inverters. Since its foundation in 2003, Inovance has delivered several millions of power inverters to a wide spectrum of industries and has made significant progress in delivering cost-competitive control solutions.




Delivering Solutions to Industry

The Group's business units focus on specific industries and deliver total solutions for:


Elevators & Escalators  

Plastic Injection Machines  

Textile Machines  

Air Compressors  

Hoist & Cranes  

Print and Packaging


Electric Vehicles

Light Rail Transit



 Driven by Technology



AC Drives







Multi Axes

 Robotics & Motion Controller






MV Drive



Electrical Vehicle Inverters


Always Challenged !


New applications inevitably bring new challenges and,determined to meet these, the Group invests 10% of its sales revenues in R&D, employing around 700 engineers of whom more than 80% are qualified to first degree or above.

The Group's R&D effort encompasses three areas: core technologies, product development and industrial applications. The core technologies developed by R&D over the last few years, which are the intellectual property of the Group, contribute to technically superior performance and reliability. All are subject to a rigorous engineering process that incorporates design modeling, performance analysis, integrity testing and quality assurance techniques.



Exceptional R&D Facilities


The Group's R&D teams utilize best in class design software (Pro Engineer, Mentor Flotherm, AnSoft, Windchill PLM) for new product design and development. Significant integrity testing of assemblies and beta products are carried out in-house to validate the design targets in environmental, mechanical, thermal and motor drive performances.




Climate Chanber

Vibration & Shock

High Speed Dyno




Motion Servo Test

EMC Surge

Conducted Emission





With markets ever more strongly regulated, certifications are vital to an international future. All of the Group’s latest products are designed to comply with CE standards and UL when specified. The R&D compliance department works with internationally recognized testing bodies such as the German TÜV companies, UL listed test labs, TÜV Rheinland for Functional Safety and Liftinstituut for Elevator Safety.



ISO9001 ISO9001 ISO9001
 ISO9001  ISO9001  ISO9001




World Class Manufacturing


Tower   Our Suzhou manufacturing facility is ISO 9001 certified and combines the best in modern equipment and processes to achieve world-class standards. Having delivered outstanding growth, we are now focused on implementing continuous improvement techniques to ensure that we can respond quickly and efficiently to developments in global elevator markets.


Supply Chain Management

We manage closely the quality, delivery and cost of the materials we source. This enables us to manufacture flexibly and reliably, delivering on time to meet the customer's demand.


Manufacturing Quality Control

We use a range of inspection techniques to assure the quality of our manufacturing processes: solder paste inspection, automated optical inspection, furnace temperature inspection, in-circuit testing, PCB conformal coating and functional testing of the finished assembly. We use statistical process control (SPC) to monitor the consistency of our processes, taking regular measurements for deviation control to give a high level of consistency and yield.


ISO9001 ISO14001 ISO14001


ISO18001 ISO18001


SMT Lines optical inspection Conforma Coating

SMT Lines

Automatic Optical Inspection

PCB Conformal Coating



NICE Module Assembly NICE Heat Soak Testing MR Cabinet Assembly

NICE Module Assembly

NICE Heat Soak Testing

MR Cabinet Assembly