Amber Group enters into definitive agreements to take controlling stake in Unitronics (1989) (R"G) Ltd.

IL JIN Electronics India Pvt Ltd, a material subsidiary of Amber Group, has entered into definitive agreements for taking controlling stake in Israel based Unitronics (1989) (R"G) Ltd.

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 likeUniCloud, and Industrial Internet of Things (IIoT) with builtin business intelligence, supported by its all-in-one software for machine and process control across various industries.

Unitronics has a robust global presence, delivering its solutions worldwide through an extensive sales network with US and European market contributing ~55% and ~40% of its sales respectively.

Unitronics is set to leverage IL JIN's extensive electronic manufacturing expertise and pan-India presence to enhance operational synergies, accelerate innovation, and strengthen its product position in India.

The acquisition aligns with Amber Electronic Division's strategy to expand its product portfolio in industrial applications. The combined strength lays a strong foundation for accelerated growth by localizing manufacturing through backward integration, enhancing competitiveness in India, and gaining access to global markets like the US and Europe amid rising demand for Industry 4.0 and real-time data technologies.

Mr. Jasbir Singh, Executive Chairman and CEO of Amber Group, said: "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.

The partnership aims to leverage the capabilities of both organisations to achieve sustainable growth in the field of industrial automation.

Mr. Haim Shani, Joint Chairman of Unitronics, who will continue to serve on the board and closely work with the Amber leadership, said: "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. I express full commitment to the company's future and excited to work alongside our new partners as we enter this transformative phase together".

Shares of Amber Enterprises India Limited was last trading in BSE at Rs. 7467.30 as compared to the previous close of Rs. 7265.80. The total number of shares traded during the day was 8545 in over 2423 trades.

The stock hit an intraday high of Rs. 7494.00 and intraday low of 7294.85. The net turnover during the day was Rs. 63440227.00.

Source : Equity Bulls

Keywords

AmberEnterprisesIndia INE371P01015 ConsumerElectronics ILJINElectronicsIndia Agreement StakeAcquisition Unitronics