About Inovance
Inovance is a company based in Shenzhen (China) founded in 2003. It operates as a Professional Services, and Reseller / Distribution. Inovance has completed 2 acquisitions, including Filtration Solutions and Jorgensen Conveyor. Inovance offers products and services including MD800 Compact AC MultiDrive, MD810 AC MultiDrive, SV660 Servo Drive, and PA9000 Compact Series CNC.
- Headquarter Shenzhen, China
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Inovance Technology Europe Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Filtration Solutions
& 1 more
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Products & Services of Inovance
Inovance offers a comprehensive portfolio of products and services, including MD800 Compact AC MultiDrive, MD810 AC MultiDrive, SV660 Servo Drive, and PA9000 Compact Series CNC. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Designed for reduced costs and smaller machine cabinets.
Modular solution for complex multi-sectional industrial applications.
High dynamic performance in a compact servo solution.
Ultra-compact CNC designed for rugged, compact machine use.
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Funding Insights of Inovance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Inovance
Inovance has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Filtration Solutions and Jorgensen Conveyor. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Liquid filtration equipment is manufactured for industrial applications.
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1989 | ||||
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Provider of conveyors and filtration systems for CNC machining, metalworking, material handling, and industrial applications
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1950 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Inovance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Inovance Comparisons
Competitors of Inovance
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Inovance
When was Inovance founded?
Inovance was founded in 2003.
Where is Inovance located?
Inovance is headquartered in Shenzhen, China. It is registered at Shenzhen, Guangdong, China.
What does Inovance do?
Inovance is established as a global leader in industrial automation solutions, offering a comprehensive portfolio of components such as AC drives, servo drives, motors, motion control systems, CNCs, PLCs, and HMIs. Services are provided across diverse industrial sectors including textiles, packaging, cranes, and elevators. Solutions are tailored for OEMs and end users, ensuring complete automation and CNC capabilities. The company is supported by a team of expert engineers with extensive experience in various industrial applications.
What products or services does Inovance offer?
Inovance offers MD800 Compact AC MultiDrive, MD810 AC MultiDrive, SV660 Servo Drive, and PA9000 Compact Series CNC.
How many acquisitions has Inovance made?
Inovance has made 2 acquisitions, including Filtration Solutions, and Jorgensen Conveyor.