Amber Enterprises India Limited., a leading Indian consumer durables manufacturer, has announced a significant strategic move to acquire a controlling stake in Unitronics (1989) (R”G) Ltd., an Israeli public company specializing in industrial automation solutions. The acquisition, valued at approximately ₹404 crore (15.6 crore Israeli New Shekel), will be executed through Amber’s electronic division, ILJIN Electronics.
Under the definitive agreements signed with FIMI Opportunity V, KP, and Haim Shami of Unitronics, ILJIN Electronics will acquire up to 40.24% of Unitronics’ issued and outstanding share capital. Following this transaction, Amber, along with Haim Shami, will jointly hold a 45.13% stake in Unitronics, effectively making it a subsidiary of ILJIN. The acquisition is expected to be completed within 60 business days.
This strategic acquisition aligns with Amber’s broader goal to expand its product portfolio into industrial applications, leveraging its backward integration capabilities to localize manufacturing. Unitronics, founded in 1989 and listed on the Tel Aviv Stock Exchange, offers a comprehensive range of industrial automation products, including Programmable Logic Controllers (PLCs), Human-Machine Interfaces (HMIs), integrated PLC-HMI devices, Variable Frequency Drives (VFDs), Servo Drives, and SaaS-based Industrial Internet of Things (IIoT) platforms like UniCloud.
Unitronics boasts a robust global presence, with approximately 55% of its revenue generated from the US market and 40% from European markets. This extensive international sales network will provide Amber with access to key global markets.
Jasbir Singh, Executive Chairman and CEO of Amber Group, stated, “This transaction will significantly strengthen Amber’s Electronic Division by providing a strong foothold in the rapidly growing sector of Industry 4.0 solutions and real-time data-driven technologies. This strategic move marks a significant expansion for IL JIN, Amber’s Electronic Division, as it broadens its portfolio from Consumer Durables, Hearable and Wearable, Telecom, Automotive, Energy Meters, and Defence into the industrial electronics segment with global access.”
Haim Shani, Joint Chairman of Unitronics, who will continue to serve on the board, added, “This strategic partnership with Amber Group represents a pivotal moment in our journey. Driven by a shared vision, this collaboration aims to unlock powerful synergies and scale the business to new heights. By joining forces, we intend to accelerate growth, enhance capabilities, and create lasting values for all stakeholders, including our team, partners, and customers.”
The deal is expected to enhance Amber’s competitiveness in the Indian market and cater to the increasing demand for Industry 4.0 solutions, while also providing a gateway to advanced manufacturing capabilities and international growth opportunities.
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