Amber Group Acquires Controlling Stake in Unitronics
Mumbai: Amber Group’s subsidiary, ILJIN Electronics India Pvt Ltd, has signed definitive agreements to acquire a 40.24% controlling stake in Unitronics (1989) (R”G) Ltd, an Israeli industrial automation company. The acquisition is valued at approximately Rs 403.78 crore, with ILJIN acquiring 5,624,591 shares at NIS 27.75 per share.
The partnership aims to unlock powerful synergies, accelerate growth, enhance capabilities, and create lasting value for stakeholders. Unitronics will leverage ILJIN’s extensive electronics manufacturing expertise to enhance operational synergies, accelerate innovation, and strengthen its product position in India. Haim Shani, Joint Chairman of Unitronics, will continue to serve on the board and work closely with the Amber leadership.
The acquisition aligns with Amber Electronic Division’s strategy to expand its product portfolio in industrial applications, particularly in Industry 4.0 solutions and real-time data-driven technologies. Unitronics offers a range of industrial automation products, including PLCs, HMIs, VFDs, Servo Drives, SaaS solutions like UniCloud, and Industrial Internet of Things (IIoT) with built-in business intelligence.
Benefits of the Acquisition
- Expanded Product Portfolio: The acquisition will help Amber expand its industrial product portfolio and gain access to global markets like the US and Europe.
- Backward Integration: The deal will enable Amber to localize manufacturing through backward integration, enhancing competitiveness in India.
- Growth Opportunities: The combined strength of both companies will lay a strong foundation for accelerated growth and value creation.
