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Time of India
29-07-2025
- Business
- Time of India
Indian electronics manufacturer Amber Group acquires Israel-based Unitronics; company says: No governmental or ...
India's contract manufacturer for consumer durables and electronics Amber Group has announced in an exchange filing that it will acquire a controlling stake in Israel-based Unitronics , which operates in Industrial Automation and Control Systems, for over Rs 400 crore in an all-cash deal. Tired of too many ads? go ad free now The electronics manufacturer has signed definitive agreements to take a 40.24% stake in Unitronics. Amber's electronics manufacturing subsidiary ILJIN Electronics will acquire 5,624,591 shares at NIS 27.75 per share for 156 million NIS (around Rs 403 crore) in an all cash-deal. Post the acquisition, ILJIN, together with Joint Chairman of Unitronics will own a 45.13% stake in the company. The company said that no governmental or regulatory approvals are needed for the deal. According to the company, the deal is with a "cash consideration" and expects it to be complete "within 60 business days from the effective date". The acquisition comes as the Amber group looks to expand its product portfolio in industrial applications. The acquisition will also help Amber with backward integration, enhancing competitiveness, and gaining access to global markets like US and Europe amid rising demand for industry 4.0 applications. Nearly Rs 7,000 crore Amber Group makes consumer durables, hearable and wearable devices, telecom equipment, automotive solutions, energy meters, and defence solutions. What are terms of Amber Group-Unitronics deal According to the terms of the acquisition, Unitronics will leverage ILJIN's extensive electronics manufacturing expertise to enhance operational synergies, accelerate innovation, and strengthen its product position in India. The executive will continue to serve on the board, and work closely with the Amber leadership, the joint statement added. Tired of too many ads? go ad free now Following the execution of shareholders' agreement and proposed acquisition, Unitronics Joint Chairman Haim Shani will continue to serve on the board and closely work with the Amber leadership after the deal. What the deal means for Amber Group "This transaction will significantly strengthen Amber's Electronic Division by providing a strong foothold in the rapidly growing sector of Industry 4.0 solutions and real-time data-driven technologies," said Jasbir Singh, executive chairman and CEO, Amber Group said. Unitronics offers a range of industrial automation products designed to meet the unique requirements of different applications including design, development, manufacturing, marketing, sale and support of products such as PLCs (Programmable logic controllers), HMIs (Human-Machine Interface), PLCs with integrated HMIs, VFDs (Variable Frequency Drives), Servo Drives, SaaS solutions like UniCloud, and Industrial Internet of Things (IIoT) with built- in business intelligence, supported by its all-in-one software for machine and process control across various industries, Amber said in a statement. 'This strategic partnership with Amber Group represents a pivotal moment in our journey. Driven by a shared vision, this collaboration aims to unlock powerful synergies and scale the business to new heights," said Haim Shani, Joint Chairman of Unitronic.
Time of India
28-07-2025
- Business
- Time of India
Homegrown Amber Group to buy controlling stake in Israel's Unitronics
New Delhi: Electronics manufacturer Amber Group has signed definitive agreements to take a controlling stake in Israel-based Unitronics , a global player in industrial automations and control systems, the company said in an exchange filing. The company did not disclose the financials of the acquisition. According to the terms of the acquisition, Unitronics will leverage Amber's electronics division -- IL JIN's extensive electronics manufacturing expertise to enhance operational synergies, accelerate innovation, and strengthen its product position in India. The acquisition comes as the Amber group looks to expand its product portfolio in industrial applications. The acquisition will also help Amber with backward integration, enhancing competitiveness, and gaining access to global markets like US and Europe amid rising demand for industry 4.0 applications. "This transaction will significantly strengthen Amber's Electronic Division by providing a strong foothold in the rapidly growing sector of Industry 4.0 solutions and real-time data-driven technologies," said Jasbir Singh, executive chairman and CEO, Amber Group said. Unitronics offers an extensive range of industrial automation products designed to meet the unique requirements of different applications including design, development, manufacturing, marketing, sale and support of products such as PLCs (Programmable logic controllers), HMIs (Human-Machine Interface), PLCs with integrated HMIs, VFDs (Variable Frequency Drives), Servo Drives, SaaS solutions like UniCloud, and Industrial Internet of Things (IIoT) with built- in business intelligence, supported by its all-in-one software for machine and process control across various industries, Amber said. Amber currently makes consumer durables, hearable and wearable devices, telecom equipment, automotive solutions, energy meters, and defence solutions. 'This strategic partnership with Amber Group represents a pivotal moment in our journey. Driven by a shared vision, this collaboration aims to unlock powerful synergies and scale the business to new heights," said Haim Shani, Joint Chairman of Unitronic. The executive will continue to serve on the board, and work closely with the Amber leadership, the joint statement added.
Business Standard
28-07-2025
- Business
- Business Standard
Amber Enterprises gains as arm IL JIN acquires controlling stake in Israel's Unitronics
Amber Enterprises India rose 1.82% to Rs 7,398 after its material subsidiary, IL JIN Electronics India, entered into definitive agreements to acquire a controlling stake in Israel-based Unitronics. Unitronics is a publicly listed company with shares trading on the Tel Aviv Stock Exchange. Amber will acquire up to a 40.24% controlling stake in the issued and outstanding share capital of Unitronics. Following the acquisition, it will jointly hold a 45.13% stake in the company along with Haim Shami. The stake will be acquired for 15.6 crore Israeli New Shekel, equivalent to approximately Rs 404 crore (1 Israeli New Shekel = Rs 25.89). The transaction is expected to be completed within 60 business days from the signing of the agreements. Amber stated that the proposed acquisition is aligned with the strategy of its electronics division to expand into industrial applications, leveraging its backward integration capabilities to localise manufacturing. The move is likely to enhance Amber's competitiveness in the Indian market and will cater to the growing demand for industry 4.0 solutions and provide access to markets like the US and Europe. Jasbir Singh, executive chairman and CEO of Amber Group, said: This transaction will significantly strengthen Amber's Electronic Division by providing a strong foothold in the rapidly growing sector of Industry 4.0 solutions and real-time data-driven technologies. This strategic move marks a significant expansion for IL JIN, Amber's Electronic Division, as it broadens its portfolio from Consumer Durables, Hearable and Wearable, Telecom, Automotive, Energy Meters, and Defence into the industrial electronics segment with global access. The partnership aims to leverage the capabilities of both organisations to achieve sustainable growth in the field of industrial automation. Haim Shani, joint chairman of Unitronics, who will continue to serve on the board and closely work with the Amber leadership, said: This strategic partnership with Amber Group represents a pivotal moment in our journey. Driven by a shared vision, this collaboration aims to unlock powerful synergies and scale the business to new heights. By joining forces, we intend to accelerate growth, enhance capabilities, and create lasting values for all stakeholders, including our team, partners, and customers. I express full commitment to the company's future and excited to work alongside our new partners as we enter this transformative phase together. Amber Group is a diversified B2B solution provider in the HVAC industry, and operates across three business verticals: consumer durables, electronics and railway subsystems & defence. The companys consolidated net profit jumped 22.6% to Rs 116.07 crore on 33.8% increase in net sales to Rs 3,753.70 crore in Q4 FY25 over Q4 FY24.
Time of India
28-07-2025
- Business
- Time of India
Amber Group acquires controlling stake in Unitronics to boost Industry 4.0 solutions
Electronics manufacturer Amber Group has signed definitive agreements to take a controlling stake in Israel-based Unitronics , a global player in industrial automations and control systems, the company said in an exchange filing. The company did not disclose the financials of the acquisition. Explore courses from Top Institutes in Please select course: Select a Course Category others Artificial Intelligence Data Science Management Healthcare PGDM Data Analytics Leadership healthcare Product Management Others Technology CXO Operations Management Degree Digital Marketing Project Management Public Policy MCA Data Science Finance MBA Design Thinking Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details According to the terms of the acquisition, Unitronics will leverage Amber's electronics division -- IL JIN's extensive electronics manufacturing expertise to enhance operational synergies, accelerate innovation, and strengthen its product position in India. The acquisition comes as the Amber group looks to expand its product portfolio in industrial applications. The acquisition will also help Amber with backward integration, enhancing competitiveness, and gaining access to global markets like US and Europe amid rising demand for industry 4.0 applications. "This transaction will significantly strengthen Amber's Electronic Division by providing a strong foothold in the rapidly growing sector of Industry 4.0 solutions and real-time data-driven technologies," said Jasbir Singh, executive chairman and CEO, Amber Group said. Unitronics offers an extensive range of industrial automation products designed to meet the unique requirements of different applications including design, development, manufacturing, marketing, sale and support of products such as PLCs (Programmable logic controllers), HMIs (Human-Machine Interface), PLCs with integrated HMIs, VFDs (Variable Frequency Drives), Servo Drives, SaaS solutions like UniCloud, and Industrial Internet of Things (IIoT) with built- in business intelligence, supported by its all-in-one software for machine and process control across various industries, Amber said. Amber currently makes consumer durables, hearable and wearable devices, telecom equipment, automotive solutions, energy meters, and defence solutions. 'This strategic partnership with Amber Group represents a pivotal moment in our journey. Driven by a shared vision, this collaboration aims to unlock powerful synergies and scale the business to new heights," said Haim Shani, Joint Chairman of Unitronic. The executive will continue to serve on the board, and work closely with the Amber leadership, the joint statement added.
South China Morning Post
16-07-2025
- South China Morning Post
Singapore jails Indian student for pushing drunk man into river who later died
A man was sentenced to just under three years' jail on Wednesday for pushing a drunk man, who fell into the Singapore River and drowned. Advertisement Legha Pawan, a 22-year-old Indian national, was given 35 months' jail. He pleaded guilty to one count of voluntarily causing hurt to Jasbir Singh, 33, where the hurt caused turned out to be grievous hurt in the form of death. The charge had been downgraded from an earlier charge of causing death by a rash act. A second charge was taken into consideration. The court heard that Legha, a student, lived in Woodlands with several housemates. Advertisement On the evening of June 30 last year, Legha and his housemates left their flat for an evening out at Clarke Quay.
