What INELTECH CORPORATION does

Ineltech s.r.o. (operating as INELTECH) is a privately held electrical-engineering firm founded in 1987 and headquartered in Žilina, Slovak Republic (Bytčická 2, 010 01 Žilina). The company develops and manufactures static power converters and associated control systems, supplying AC/DC, DC/DC, and DC/AC converters, chargers, inverters, and drives for railway and industrial applications. Its differentiated technical approach is the use of switched-typology galvanic isolation in isolated converters, which the company states materially reduces device dimensions and weight versus conventional isolation methods, combined with in-house power-circuit topology optimization, loss/cooling design, and integrated control and diagnostics.

The firm operates a hybrid business model combining custom engineered converter manufacturing, standardized component deliveries, and a full suite of engineering services (system engineering, analysis and simulation, hardware and PCB design, software and firmware development, mechanical design, and technical documentation). It offers professional assistance with product validation and certification as part of project delivery. Customer engagement is sales-led and direct, handled through the three principals—CEO Rastislav Havrila (PhD, UNIZA graduate), Viktor Mikolajek, and Tomáš Hollein—and pricing is quote-based with no public disclosure.

INELTECH primarily serves the railway vertical, including Swiss rail-electronics firm HaslerRail and rail-industry clients in the Czech Republic and Slovak Republic, with a stated geographic footprint limited to Slovakia, the Czech Republic, and Switzerland. The company maintains strategic relationships with the University of Žilina for R&D collaboration and talent access, alongside logo-level ties to GX Corpfin, VMI Silesia Interactive, and VMI Electronics. No funding rounds, M&A activity, patents, certifications, or AI/ML capabilities are disclosed in the available material.

Name

INELTECH CORPORATION

Legal name

Ineltech s.r.o.

Website

https://ineltech.sk

Company type

Private

Founded year

1987

Operating status

Operating

Short description

Ineltech s.r.o. (INELTECH) designs and manufactures static power converters—including AC/DC, DC/DC, and DC/AC types—plus custom control systems and embedded firmware for railway and industrial clients across Slovakia, the Czech Republic, and Switzerland.

Ownership category

akta.pro rank

Product category

Industrial Power Electronics

NAICS

Electrical Equipment Manufacturing (3353), Relay and Industrial Control Manufacturing (335314), Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515)

SIC

Electrical Industrial Apparatus (3620), Switchgear & Switchboard Apparatus (3613)

akta.pro primary industry

DC-DC Converters & Power Modules (Isolated/non-isolated, POL modules) (IMAGADAB)

akta.pro secondary industry

DC-AC Inverters (Industrial inverters, standalone/embedded) (IMAGADAC)

Keywords

• Power electronics manufacturing
• Static power converters
• Railway power systems
• Industrial control systems
• Embedded firmware development

Headquarters

HQ city

Mississauga

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Custom Power Converter Manufacturing: Production of special static power converters with parameters according to customer-agreed specifications. Includes control systems, DC/DC converters, chargers, inverters, and drives.
2. Engineering Services: System engineering, analysis and simulation, design of power circuits, hardware and PCB design, software development, mechanical parts design, and technical documentation processing for prototype and repetitive production.
3. Component Deliveries: Supply of standardized AC/DC converters, DC/DC converters, and DC/AC converters as component products.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

INELTECH develops and manufactures static power converters (AC/DC, DC/DC, DC/AC), custom engineered converters built to customer specifications, and integrated control systems for railway and industrial applications. The company complements these products with engineering services including system engineering, analysis and simulation, power circuit design, hardware and PCB design, embedded software/firmware development, mechanical parts design, technical documentation, and professional product validation and certification support.

Product overview

INELTECH is a dynamic company specializing in research, development, and system engineering in the electrical industry, particularly for railway applications. The company offers a portfolio of power electronics products centered on static power converters, including AC/DC converters, DC/DC converters, DC/AC inverters, and custom converter solutions. These core products are complemented by a comprehensive suite of engineering services: power circuit design and optimization, analysis and simulation, hardware and PCB design, software development, mechanical design, technical documentation, and product validation and certification support. The company applies switched typologies for galvanic isolation in isolated converters to achieve reduced dimensions and weight.

Differentiator

Problem solved

Functional benefit

Products and services

• AC/DC Converters Static power converters that convert alternating current to direct current, supplied as standardized component products for railway and industrial applications.

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• HaslerRailcoreStrategic or Co-development PartnerSwiss company with whom Ineltech cooperates. Tomáš Hollein, Ineltech's sales and client care representative, cooperates with HaslerRail. This partnership provides access to Swiss railway technology market and validates Ineltech's capabilities in rail technology applications.
• University of Žilina (UNIZA)coreStrategic or Co-development PartnerIneltech's CEO Rastislav Havrila is a graduate of the Faculty of Electrical Engineering University of Žilina. The partnership provides access to research capabilities, academic talent pipeline, and university collaboration for R&D activities.
• GX CorpfinminorOthersLogo displayed on 'We work together' section indicating some form of business relationship or corporate association.
• VMI Silesia InteractiveminorOthersLogo displayed on 'We work together' section indicating some form of business relationship or corporate association.
• VMI ElectronicsminorOthersLogo displayed on 'We work together' section indicating some form of business relationship or corporate association.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Hitachi Rail: Supplies traction and auxiliary power converters for rail vehicles globally through its former AnsaldoBreda and Hitachi Energy roots. Comparable product overlap (AC/DC, DC/DC, DC/AC converters) and serves the same European rail customer base.
• Voith Turbo: German rail drivetrain and power systems specialist manufacturing traction equipment and power electronics for rail. Competes with Ineltech on the engineering content of powertrain power conversion, particularly in European rail.
• Alstom: Global rail OEM with in-house power electronics capabilities for traction and onboard systems following its acquisition of Bombardier Transportation. Overlaps with Ineltech in static converters as both a competitor and a potential large customer.
• Siemens Mobility: Major rail OEM and supplier of power electronics, including onboard converter/inverter systems for locomotives, EMUs, and metros. Competes with Ineltech in the same customer segment (rail integrators) but with full vehicle-level scope and global reach.
• ABB: Global leader in power and automation, with a dedicated rail business manufacturing traction converters, auxiliary power converters, and onboard power electronics for trains. Directly overlaps with Ineltech's static power converter portfolio but at massive scale and with broader systems integration.

Regional players

• Škoda Transportation: Czech rail OEM and system integrator (locomotives, EMUs, tram systems) that also develops onboard power electronics via its subsidiaries. Operates in the same Czech/Slovak regional market and is a plausible customer or internal-supply competitor for Ineltech.

Direct peers

• Medcom: Polish manufacturer of power electronic converters for rail vehicles, focused on auxiliary power supplies and traction converters. Comparable size profile, CEE European base, and product/business model overlap with Ineltech's static power converter portfolio.
• Traktionssysteme Austria (TSA): Austrian manufacturer of traction motors and associated power electronics for rail. Sits at the same scale and regional cluster (Austrian/Slovak rail supply chain) with overlapping power electronics engineering competencies.

Emerging players

• HaslerRail: Swiss supplier of rail telemetry, energy measurement, and onboard power monitoring systems. Currently an Ineltech partner and customer, but also operates in adjacent rail power electronics/intelligence space relevant to Ineltech's roadmap.
• PowerTechnics (Powersystems UK): UK-based specialist in power electronics and bespoke converter design for industrial and traction applications. Comparable profile to Ineltech: custom-engineered power converters, niche customer base, focused engineering team.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 INELTECH CORPORATION