Amber Group acquires controlling stake in Unitronics to boost Industry 4.0 solutions

Electronics manufacturer Amber Group has signed definitive agreements to take a 40.24% controlling stake in Israel-based Unitronics, a global player in industrial automations and control systems, the company said in an exchange filing.

Amber's electronics manufacturing subsidiary ILJIN Electronics will acquire 5,624,591 shares at NIS 27.75 per share for 156 million NIS (around Rs 403 crore) in an all cash-deal. Post the acquisition, ILJIN, together with Joint Chairman of Unitronics will own a 45.13% stake in the company.

No governmental or regulatory approvals are needed for the deal, Amber said.


According to the terms of the acquisition, Unitronics will leverage ILJIN's extensive electronics manufacturing expertise to enhance operational synergies, accelerate innovation, and strengthen its product position in India.

The acquisition comes as the Amber group looks to expand its product portfolio in industrial applications. The acquisition will also help Amber with backward integration, enhancing competitiveness, and gaining access to global markets like US and Europe amid rising demand for industry 4.0 applications.

"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," said Jasbir Singh, executive chairman and CEO, Amber Group said.
Unitronics offers an extensive range of industrial automation products designed to meet the unique requirements of different applications including design, development, manufacturing, marketing, sale and support of products such as PLCs (Programmable logic controllers), HMIs (Human-Machine Interface), PLCs with integrated HMIs, VFDs (Variable Frequency Drives), Servo Drives, SaaS solutions like UniCloud, and Industrial Internet of Things (IIoT) with built- in business intelligence, supported by its all-in-one software for machine and process control across various industries, Amber said.

Amber currently makes consumer durables, hearable and wearable devices, telecom equipment, automotive solutions, energy meters, and defence solutions.

“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," said Haim Shani, Joint Chairman of Unitronic.

The executive will continue to serve on the board, and work closely with the Amber leadership, the joint statement added.