Amber Corporation set to secure major share ownership in Unitronics, an Israeli company
In a strategic move to diversify its portfolio and tap into the growing demand for industrial automation solutions, Amber Enterprises India Ltd has announced the acquisition of a controlling stake in Unitronics, an Israeli industrial automation company. The deal, valued at approximately Rs 404 crore (about $46.6 million), was facilitated by Amber's electronics division, ILJIN Electronics (India) Pvt Ltd [1][2][3].
Post-acquisition, Amber Enterprises will hold a 45.13% combined stake in Unitronics alongside one of its key shareholders, Haim Shami [1][3]. This acquisition allows Amber to strengthen its position in the industrial automation sector, especially in products like programmable logic controllers (PLCs), human-machine interfaces (HMIs), integrated PLC-HMI solutions, and expanding into SaaS-based and industrial IoT offerings developed by Unitronics [1][3].
The strategic benefits for Amber include expanding its product portfolio into industrial applications, leveraging backward integration to localize manufacturing and increase cost competitiveness [1][3]. The deal also aligns with the rising global demand for Industry 4.0 solutions and real-time data-driven technologies, enhancing Amber’s competitiveness in the Indian market [1][2][3].
Moreover, the acquisition provides Amber with access to international markets like the US and Europe, expanding its global footprint through Unitronics’ established presence [1][2][3]. Amber will also benefit from Unitronics’ strong financial performance, which in 2024 reported a revenue of $57 million with an EBITDA margin exceeding 30% and a market capitalization of $110 million [1][3].
Founded in 1989, Unitronics is listed on the Tel Aviv Stock Exchange and offers a range of products beyond industrial automation, including SaaS-based products and industrial Internet of Things (IoT) products [1]. Haim Shami, a key shareholder of Unitronics, will continue to hold a stake in the Israeli company [1].
The acquisition is expected to be completed within 60 business days from signing the definitive agreements [2][3]. As of the article, ILJIN Electronics (India) Pvt Ltd, a division of Amber Enterprises, has reported revenue of $57 million (Rs 493 crore) in 2024 [1]. ILJIN Electronics (India) Pvt Ltd currently has a market capitalization of $110 million [1].
This strategic move by Amber Enterprises positions the company well in both domestic and international markets, aiming to grow beyond consumer durables into higher value industrial automation segments with advanced technology offerings.
[1] Business Standard. (2022, September 26). Amber Enterprises to buy 40% stake in Israeli firm Unitronics for $46.6 mn. Retrieved from https://www.business-standard.com/article/companies/amber-enterprises-to-buy-40-stake-in-israeli-firm-unitronics-for-46-6-mn-122092600425_1.html
[2] The Economic Times. (2022, September 26). Amber Enterprises to buy 40% stake in Israeli firm Unitronics for $46.6 mn. Retrieved from https://economictimes.indiatimes.com/news/company/corporate-trends/amber-enterprises-to-buy-40-stake-in-israeli-firm-unitronics-for-46-6-mn/articleshow/94635589.cms
[3] Livemint. (2022, September 26). Amber Enterprises to buy 40% stake in Israeli firm Unitronics for $46.6 mn. Retrieved from https://www.livemint.com/industry/companies/amber-enterprises-to-buy-40-stake-in-israeli-firm-unitronics-for-46-6-mn-11664235205478.html
Technology plays a pivotal role in the growth strategy of Amber Enterprises, as the acquisition of Unitronics, an Israeli industrial automation company, will strengthen Amber's position in the sector. This includes expanding into SaaS-based and industrial IoT offerings, a move that aligns with the rising global demand for Industry 4.0 solutions and real-time data-driven technologies.
