In a bold Industry 4.0 push, Amber Group eyes global markets with a ₹4.03 billion stake in Israel’s Unitronics, while the latter aims to strengthen its India presence.
India’s Amber Group will acquire a controlling stake in Israel-based Unitronics in an all-cash deal worth over ₹4 billion. The contract manufacturer for consumer durables and electronics disclosed the agreement in a recent stock exchange filing.
According to reports, Amber’s subsidiary ILJIN Electronics will purchase 5,624,591 shares of Unitronics at NIS 27.75 each, amounting to 156 million NIS (around ₹4.03 billion). This represents a 40.24% stake. Following the deal, ILJIN and Unitronics’ Joint Chairman will together hold 45.13% of the company.
The company confirmed that no regulatory or government approvals are required. Completion is expected within 60 business days from the effective date.
Furthermore, Amber said the acquisition aligns with its strategy to expand into industrial applications and Industry 4.0 solutions. It expects the deal to enhance backward integration, improve competitiveness, and open access to markets in the US and Europe.
With annual revenues of around ₹70 billion, Amber Group manufactures consumer durables, hearables, wearables, telecom gear, automotive components, energy meters, and defence solutions.
Unitronics designs and manufactures industrial automation systems including programmable logic controllers (PLCs), human–machine interfaces (HMIs), PLC-HMI integrated units, variable frequency drives (VFDs), servo drives, SaaS solutions like UniCloud, and Industrial Internet of Things (IIoT) platforms with built-in business intelligence.
Under the agreement, Unitronics will leverage ILJIN’s manufacturing expertise to accelerate innovation and strengthen its presence in India. Its executive leadership will remain unchanged, with Joint Chairman Haim Shani continuing to serve on the board and collaborating closely with Amber.
Amber’s Executive Chairman and CEO Jasbir Singh said the acquisition will give the company a strong foothold in Industry 4.0 technologies and real-time data-driven solutions.
