Amber Enterprises, through its material subsidiary, IL JIN Electronics India, has acquired a controlling stake in Israel-based Unitronics (1989) (R”G).
Unitronics is set to leverage IL JIN’s extensive electronic manufacturing expertise and pan-India presence to enhance operational synergies, accelerate innovation, and strengthen its product position in India.
In 2024, the company achieved a turnover of $57 million with 30% EBITDA margins and had a market capitalisation of $110 million.
The acquisition aligns with Amber Electronic Division’s strategy to expand its product portfolio in industrial applications. The combined strength will accelerate growth by localising manufacturing through backward integration, enhancing competitiveness in India, and gaining access to global markets like the US and Europe amid rising demand for Industry 4.0 and real-time data technologies.
Unitronics: Evolving business dynamics
Unitronics has a robust global presence, delivering its solutions worldwide through an extensive sales network, with the US and European markets contributing 55% and 40% of its sales, respectively.
Unitronics offers a range of industrial automation products, which are designed to meet the unique requirements of different applications, including design, development, manufacturing, marketing, sales and support of products such as PLCs (Programmable logic controllers), HMIs (Human-Machine Interface), PLCs with integrated HMIs, VFDs (Variable Frequency Drives), Servo Drives, and SaaS solutions like UniCloud.
Amber Enterprises stock performance
The share price of Amber Enterprises has fallen 3.8% in the last five trading days. The stock has given a return of 7.5% in the past one month and 9% in the last six months. The share price of Amber Enterprises has raised investors’ wealth by 66% in the past one year.
About Amber Enterprises
Amber Group is highly backward-integrated and diversified B2B solutions across three business segments: Consumer Durables, Electronics (including EMS), and Railway Subsystems & Defence. With deep-rooted engineering capabilities and a pan-India manufacturing footprint of 30 plants, Amber is evolving as a diversified solution partner.