Amber Enterprises Expands Global Footprint with Strategic Unitronics Acquisition

Amber Enterprises India Ltd has taken a bold step into the global industrial electronics arena. Its subsidiary, IL JIN Electronics India Pvt Ltd, has entered into a definitive agreement to acquire 5,624,591 shares of Unitronics (1989) Ltd, an Israeli company specializing in industrial automation solutions. The acquisition, valued at approximately INR 4.03 billion (USD 46.6 million), positions Amber as a key player in the fast-growing Industry 4.0 segment.

Key highlights of the acquisition:

- IL JIN Electronics will acquire 5.6 million shares of Unitronics at NIS 27.75 per share, totaling around NIS 156 million  
- The deal gives IL JIN a 40.24 percent controlling stake in Unitronics, with joint control alongside Unitronics Chairman Haim Shani  
- Post-acquisition, IL JIN and Shani will jointly hold approximately 45.13 percent of Unitronics  
- Unitronics, founded in 1989, specializes in PLCs (Programmable Logic Controllers), HMIs (Human-Machine Interfaces), VFDs (Variable Frequency Drives), servo drives, and SaaS platforms like UniCloud  
- The company earned USD 57 million in revenue in 2024, with EBITDA margins above 30 percent and a market capitalization of USD 100–110 million  
- Unitronics has a strong global footprint, with 55 percent of revenue from the US and 40 percent from Europe  
- The acquisition aligns with Amber’s strategy to diversify its electronics portfolio and expand into industrial automation, complementing its existing operations in consumer durables, automotive, telecom, and defence  
- Amber operates 30 manufacturing facilities across India, offering B2B services such as PCB assembly, HVAC systems, and railway subsystems  

This strategic move enables Amber to leverage Unitronics’ advanced technologies and global reach, while enhancing its competitiveness through backward integration and localized manufacturing. It also opens doors to new markets and strengthens Amber’s position in the evolving landscape of smart manufacturing and real-time data solutions.

Sources: Machinist.in, Amber Enterprises SE Intimation, Financial Express