Amber Enterprises India Ltd.’s electronics arm, IL JIN Electronics India Pvt Ltd, has signed definitive agreements to acquire a 40.24 percent controlling stake in Unitronics (1989) (R”G) Ltd., a company based in Israel. Following the deal, IL JIN and Unitronics Joint Chairman Haim Shani will jointly hold approximately 45.13 percent of the company.
Under the acquisition terms, IL JIN will purchase 5,624,591 Unitronics shares at NIS 27.75 per share, for a total of around NIS 156 million (approxiamtely USD 46.6 million / INR 4.03–4.04 billion).
Unitronics, founded in 1989, develops industrial automation and control systems—such as Programmable Logic Controllers (PLCs), Human‑Machine Interfaces (HMIs), integrated PLC‑HMI devices, Variable Frequency Drives (VFDs), servo drives, SaaS platform UniCloud, and IIoT solutions. In 2024, the company earned revenue of approximately USD 57 million, with EBITDA margins above 30 percent, and maintains a market capitalisation of around USD 100–110 million.
Unitronics’ global sales footprint is strong, with around 55 percent of revenue from the United States and 40 percent from Europe.
This strategic acquisition marks Amber’s entry into the industrial electronics space, complementing its existing operations in consumer durables, automotive and telecom devices, energy meters, and defence solutions.
Amber operates 30 manufacturing facilities across India, offering B2B capabilities such as PCB assembly, HVAC systems for commercial and defence applications, and railway subsystem components.