INNEOVA Holdings Limited announced on October 23, 2025, that its subsidiary, INNEOVA Engineering Pte. Ltd., has been awarded a multi-year overhaul tender from PSA Singapore. This contract is valued in the multi-million dollar range and marks the third consecutive overhaul tender granted to INNEOVA Engineering by PSA since 2018. The award reflects PSA's continued confidence in INNEOVA's service quality and technical expertise.
The business relationship between INNEOVA and PSA spans more than 20 years, during which INNEOVA has supported PSA's operations by supplying Allison Transmissions and executing overhaul and maintenance programs. This long-standing partnership demonstrates INNEOVA's capabilities as an engineering solutions provider in overhaul mechanics and aftersales support. The contract ensures operational uptime for PSA's port operations.
CEO Jimmy Neo stated that the award reinforces INNEOVA's engineering competency and service reliability. This contract strengthens INNEOVA's engineering solutions revenue stream, which is a core component of the company's business strategy. The announcement highlights the value of long-term partnerships in delivering results for both customers and shareholders.
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