IPS Group

What IPS Group does

IPS Group Pte. Ltd. is a Singapore-headquartered engineering group founded in 1986 by Mr. Daniel Chan Tien Lok that designs, manufactures, distributes, installs, and commissions infrastructure and industrial equipment across four business segments. The Infrastructure segment, operated through Lintec & Linnhoff Holdings, produces asphalt mixing plants, concrete batching plants, and specialist concrete cooling solutions under three brands (Lintec, Linnhoff, Eurotec) that date back to 1919, with proprietary technologies including Lintec's containerised ISO sea-container plant architecture and Linnhoff's screen drum technology. The Security segment, housed under SGX-Catalist-listed subsidiary IPS Securex Holdings, distributes integrated homeland and general security equipment across 17 Asia Pacific countries; the Industrial segment, under Perfex International, manufactures radiators, charged air coolers, heat exchangers, and oil coolers for power generation customers with factories in Singapore and Malaysia; and an Investments segment deploys capital via IPS Leasing (equipment leasing to international contractors in Asia and Africa) and a venture arm.

The group's revenue model is anchored on hardware sales of high-value industrial equipment, supplemented by aftermarket services (training, maintenance, rental) and recurring maintenance contracts, with distribution executed through a mix of direct field sales and exclusive distribution agreements spanning 17 Asia Pacific countries plus Africa and Europe. Customer logos include marquee infrastructure projects (Hong Kong-Zhuhai-Macau Bridge, Yas Marina Circuit, Palm Island Dubai, Storebaelt Bridge Denmark, Merdeka 118 Tower, Singapore 1st Polder Project) and government buyers (SMRT Trains, Singapore HDB, seaport/airport/navy/police agencies). The group operates from 17-19 subsidiaries with 500+ employees across Singapore, China, Germany, India, Indonesia, Italy, Japan, Malaysia, the Philippines, and Brazil, manufacturing primarily in Jiangyin (China) and Kulai (Malaysia). Founder ownership remains concentrated, with Daniel Chan as Executive Chairman and Peter Isaac Chan as Vice-Chairman/Group CEO.

Name

IPS Group

Legal name

IPS Group Pte. Ltd.

Website

https://ips.com.sg

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Short description

IPS Group is a Singapore-founded engineering group that designs, manufactures, and distributes infrastructure equipment (asphalt and concrete plants under Lintec, Linnhoff, Eurotec brands), security systems, and industrial heat exchangers, serving construction contractors, government agencies, and power generation firms across 17+ countries.

Ownership category

akta.pro rank

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Equipment Manufacturing and Distribution: Design, manufacturing, and distribution of infrastructure equipment including asphalt mixing plants, concrete batching plants, radiators, heat exchangers, and security equipment
2. Aftermarket Services: Training, maintenance, rental, and after-sales services for equipment
3. Equipment Leasing: IPS Leasing engages in the leasing of infrastructure and industrial equipment to International Contractors in Asia and Africa
4. Investment Activities: Venture capital arm seeking investment opportunities in other potential businesses

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

IPS Group is an engineering group principally engaged in the design, manufacturing, distribution, installation, and commissioning of infrastructure and industrial equipment worldwide. The group manufactures and distributes asphalt mixing plants, concrete batching plants, industrial radiators, heat exchangers, and integrated security equipment under brands including Lintec, Linnhoff, Eurotec, IPS Securex, and Perfex International. It also provides systems training, maintenance, aftermarket services, and equipment leasing to international contractors.

Product overview

IPS Group is an engineering group engaged in design, manufacturing, distribution, installation, and commissioning of infrastructure and industrial equipment. The company operates across four main business segments: Infrastructure (through Lintec & Linnhoff Holdings, manufacturing Asphalt Mixing Plants, Concrete Batching Plants under Lintec, Linnhoff, and Eurotec brands with key technologies including containerised plants and screen drum technology); Security (through IPS Securex Holdings and IPS Technologies, providing homeland and general security equipment and systems); Radiators and Heat Exchangers (through Perfex International, manufacturing Radiators, Charged Air Coolers, Heat Exchangers, and Oil Coolers); and Investments (IPS Leasing for equipment rental). The portfolio includes both product manufacturing businesses and service offerings, with global distribution across Asia Pacific, Africa, and Europe.

Differentiator

Problem solved

Functional benefit

Brands

• Lintec: Containerised asphalt and concrete batching plants built in 100% certified ISO sea containers
• Linnhoff
• Eurotec

Products and services

• Lintec & Linnhoff Asphalt Mixing and Concrete Batching Plants Asphalt mixing plants, concrete batching plants, pavement-related technologies, and specialist concrete cooling solutions manufactured and distributed under the Lintec, Linnhoff, and Eurotec brands for construction companies, infrastructure contractors, and engineering firms.
• IPS Securex Integrated Security Solutions
• Perfex International Radiators and Heat Exchangers
• IPS Leasing Equipment Rental
• IPS Investments Venture Capital Venture capital arm of IPS Group that seeks investment opportunities in other potential businesses.

Quantifiable outcome

• Products have helped deliver some of the world's most prominent construction achievements including Hong Kong-Zhuhai-Macau Bridge, Yas Marina Circuit, The Palm Island

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• STG Infrastructure Pvt. Ltd.coreStrategic or Co-development Partner · 1 January 2016Joint venture partner for Linnhoff India Pvt. Ltd., incorporated in 2011 to manufacture and market Asphalt and Concrete plants in India
• Linnhoff & Henne GmbH & Co. KG (LH)coreChannel Partner/ Reseller/ Distributor · 1 January 2014Long-term exclusive sole distribution agreement signed with IPS-LINTEC Asia-Pacific Pte. Ltd. in 2014 to distribute 'Linnhoff & Henne' brand of mastic Asphalt plants in Asia-Pacific
• LINTEC GmbH & Co. KG (Germany)coreStrategic or Co-development Partner · 1 January 2006Joint venture formed in 2006 as IPS-LINTEC Asia-Pacific Pte. Ltd. between IPS Group Pte. Ltd. (Singapore) and LINTEC GmbH & Co. KG (Germany) to manufacture and distribute LINTEC, LINNHOFF and EUROTEC products
• LINTEC GmbH & Co. KG (Germany)coreStrategic or Co-development Partner · 1 January 2003Joint venture agreement signed in 2003 to set up first asphalt manufacturing facility, Jiangsu Lintec Engineering Equipment Co., Ltd., in Jiangyin (China)
• Lintec GmbH & Co. KGcoreStrategic or Co-development Partner · 1 January 2002Joint venture with Lintec GmbH & Co. KG to market 'LINNHOFF' Asphalt Mixing Plants in India and Southeast Asia - Linnhoff Technologies Pte. Ltd. acquired under IPS Group
• LINTEC GmbH & Co. KG (Germany)coreChannel Partner/ Reseller/ Distributor · 1 January 1996IPS-LINTEC Asia Pacific Pte. Ltd. formed in 1996 as sole distributor for LINTEC GmbH & Co. KG to distribute asphalt plants in Asia Pacific regions
• SDMO Industries (France)minorChannel Partner/ Reseller/ Distributor · 1 January 1993IPS Power Supply Pte. Ltd. incorporated in 1993 as exclusive distributor for SDMO Industries, a multinational French company, to distribute generators in the Asia-Pacific

Scale indicators7 records

Recent moves15 records

Expansion highlights7 records

Direct peers

• Astec Industries: US-listed manufacturer of asphalt plants, concrete plants, and related infrastructure equipment under brands including Astec and Heatec — directly competing in asphalt mixing technology with Lintec & Linnhoff.
• Marini (Fayat Group): Italian manufacturer of asphalt mixing plants, part of the Fayat Group's road equipment division — directly competes with Linnhoff in screen drum and continuous asphalt mixing technology globally.
• Ammann Group: Swiss-headquartered global manufacturer of asphalt mixing plants and concrete batching plants, directly competing with Lintec & Linnhoff in the same product categories and serving infrastructure contractors worldwide.
• Modine Manufacturing: US-listed thermal management specialist manufacturing radiators, charge air coolers, and heat exchangers for engines and power generation — directly comparable to Perfex International's heat transfer product portfolio.
• BENNINGHOVEN (Wirtgen Group): German manufacturer of asphalt mixing plants now part of Wirtgen Group (John Deere), a direct competitor to Lintec & Linnhoff in the premium asphalt plant segment across Asia Pacific and global markets.

Broad incumbents

• Zoomlion: Chinese construction machinery conglomerate offering concrete batching plants, cranes, and road equipment — broad incumbent competing with IPS on cost across APAC infrastructure tenders.
• SANY Heavy Industry: Chinese global heavy equipment manufacturer with broad construction machinery portfolio including concrete batching and paving equipment — competes with IPS in lower-cost segments across Asia and Africa.
• Liebherr: Swiss-German broad construction machinery and concrete technology manufacturer — competes broadly with IPS's batching plants and concrete cooling solutions, particularly in APAC infrastructure projects.

Regional players

• ST Engineering: Singapore-listed large-cap industrial conglomerate with homeland security and integrated systems divisions — competes with IPS Securex in Singapore and APAC government/security systems integration tenders.
• Certis (CISCO): Singapore-headquartered security services and integrated security solutions provider — comparable to IPS Securex in homeland/physical security for government and critical infrastructure customers in Singapore.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ips-group-pte-ltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IPS Group