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The Inovance Group is a leading global provider of industrial automation solutions, founded in 2003. 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.