INEO | Market Cap: $11.9M (07/13/26)
Industry:
Capital Goods
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DESCRIPTION

Inneova is a Singapore-based distributor of automotive and industrial spare parts. The company operates through three segments: Off-Highway, On-Highway, and Engineering Services. In the On-Highway segment, Inneova sells OEM and aftermarket parts for passenger and commercial vehicles through Autozone-branded retail outlets in Singapore and a distribution point in Malaysia. The Off-Highway segment supplies components, lubricants, and filtration products to industrial sectors including marine, mining, construction, and energy. Its Engineering Services segment provides turnkey solutions for gearbox and transmission systems, predominantly for Allison Transmission products, alongside fleet maintenance. Inneova's business model relies on purchasing inventory from global manufacturers and reselling products to resellers and end-users at a markup. The company maintains approximately 40,000 SKUs to serve as a one-stop supplier for its customers. While Inneova is headquartered in Singapore, it generates a majority of its revenue from exports, primarily to the Middle East and Malaysia. Inneova distributes major third-party brands like Bosch and Cummins while also selling its own higher-margin in-house brands such as VETTO and REV-1. Its growth strategy focuses on expanding its geographic reach in Asia Pacific, building digital e-commerce capabilities, and increasing recurring revenue from maintenance and repair services.

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