The Inovance – Power Automation GmBH German-Chinese Group  is a leading provider of industrial automation solutions. The company was founded in 2003 in Shenzhen, China, and listed on the Shenzhen Stock Exchange in 2010.

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 Europe-Asia-Pacific companies with less than $1bn in sales but consistently high top and bottom line gains. In 2018, Inovance Technology Europe acquired Power Automation – a provider of PC-based CNC/ real-time machine control technology. In 2019 Inovance also acquired BST elevator component company & became biggest elevator product company in the world.

Company’s product portfolio includes:

• Low Voltage AC Drives, Multi Axis AC Drive, Modular Ac Drive
• Medium Voltage Drives,
• Servo Drives & Motors, PMSM Motor, Hollow DDR Servo Motor
• Intelligent Controllers & Displays (Std. PLC, Motion PLC, HMI)
• Industrial Robots, Robot Motion Controller
• Electric Vehicle Inverters,
• Light Rail Transit Converters
• Industrial Internet Solutions
• Elevator & Escalator Integrated Drive
• Textile, Coal mine, wind power Special Dedicated Inverter
• Photoelectric & Inductive Encoder & Sensors
• Precision Ball Screw, Electric LM Guide
• Subway & Light Rail Tram Control System
• PC Based CNC, IPC, Real Time Machine Control

In 2019 year end Inovance all over world business is 8800 crore &Inovance India business is 125 crore. It’s the highest growth achieved by any MNC in INDIA in 7 years of short time.