Amber Enterprises' Subsidiary ILJIN to Acquire 40.24% Stake in Israeli Automation Firm Unitronics
ILJIN Electronics, a subsidiary of Amber Enterprises India Limited, is set to acquire a 40.24% stake in Unitronics, an Israeli industrial automation company. The deal involves purchasing 5,624,591 shares at NIS 27.75 per share, totaling approximately ₹3,432.00 crore. Post-acquisition, ILJIN and Mr. Haim Shani will jointly control about 45.13% of Unitronics. The transaction is expected to complete within 60 business days. This strategic move aligns with Amber Enterprises' expansion plans in the industrial automation sector and aims to enhance its competitiveness in the Indian market while gaining access to global markets.

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Amber Enterprises India Limited (AMBER) has announced a significant move in the industrial automation sector through its material subsidiary, ILJIN Electronics (India) Private Limited (ILJIN). ILJIN has entered into agreements to acquire approximately 40.24% stake in Unitronics (1989) (R"G) Ltd., an Israel-based industrial automation company listed on the Tel Aviv Stock Exchange.
Key Acquisition Details
- ILJIN will purchase 5,624,591 shares of Unitronics at NIS 27.75 per share.
- The total purchase price for the acquisition amounts to NIS 156,082,400.30 (approximately ₹3,432.00 crore).
- Post-acquisition, ILJIN and Mr. Haim Shani will jointly control about 45.13% of Unitronics, making it a subsidiary of ILJIN.
- The transaction is expected to complete within 60 business days and requires no governmental or regulatory approvals.
About Unitronics
Unitronics, founded in 1989 and publicly listed since 2004, specializes in industrial automation products, including:
- Programmable Logic Controllers (PLCs)
- Human-Machine Interfaces (HMIs)
- Variable Frequency Drives (VFDs)
- Servo Drives
- IoT solutions
The company has shown consistent revenue growth over the past three years:
Year | Revenue (in NIS thousands) |
---|---|
2024 | 192,236 |
2023 | 211,671 |
2022 | 155,520 |
Strategic Implications
This acquisition aligns with Amber Enterprises' Electronic Division strategy to:
- Expand into industrial applications
- Leverage backward integration capabilities for manufacturing localization
- Enhance competitiveness in the Indian market
- Tap into the growing demand for Industry 4.0 solutions and real-time data-driven technologies
- Gain access to global markets, particularly in the US and Europe
Market Impact
The move by Amber Enterprises, through ILJIN, marks a significant step into the industrial automation sector. This acquisition could potentially strengthen Amber's position in the electronics manufacturing services (EMS) industry, particularly in the realm of industrial automation and control systems.
As the demand for smart manufacturing solutions continues to grow globally, this strategic acquisition positions Amber Enterprises to capitalize on emerging opportunities in both domestic and international markets.
Investors and industry observers will be keenly watching how this acquisition unfolds and its impact on Amber Enterprises' future growth trajectory in the industrial automation space.
Historical Stock Returns for Amber Enterprises
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+1.71% | -0.96% | +9.28% | +10.86% | +68.64% | +400.42% |