# Inovance acquires BST to form Monarch BST elevator division

Inovance, China's largest industrial automation group, has completed the acquisition of BST, a supplier of electrical components for elevators. The merged company, Monarch BST, will form a single elevator division within Inovance with combined revenues of $500 million+.

- Type: Acquisition
- Announced: 2019-10-15
- Value: $500.0M
- Status: completed
- Products: elevator controllers, gearless drive technology, elevator control components, buttons, COPs/LOPs, inspection boxes, mechanical door headers, cabling solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Monarch BST](https://endata.com/companies/42725.md)
- [BST Group](https://endata.com/companies/12207.md) (target)
- [Inovance](https://endata.com/companies/42724.md) (acquirer)

## Sources

- [elevatorimagazine.com](https://www.elevatorimagazine.com/en/inovance-acquires-bst/), 2019-10-15: "We are very excited that Inovance has acquired BST."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.