Amber Enterprises India Limited — Important, 28-07-2025: Agreements
28-07-2025 | 05:33 am
28-07-2025 | 05:33 am
Amber's material subsidiary, ILJIN Electronics, is acquiring approximately 40.24% of Israel-based Unitronics (1989) (R"G) Ltd. for NIS 156.08 million. Unitronics specializes in industrial automation, including PLCs, HMIs, and IIoT solutions. This cash acquisition will give ILJIN, together with Mr. Shani, a 45.13% controlling stake, making Unitronics a subsidiary. This move boosts Amber's Electronic Division, expanding into industrial applications, enhancing backward integration for localized manufacturing, and opening doors to global markets. The deal aligns with the growing demand for Industry 4.0.
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