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Time of India
4 days ago
- 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
4 days ago
- Business
- Business Standard
Amber Group to acquire controlling stake in Israel based Unitronics
IL JIN Electronics India , a material subsidiary of Amber Group, has entered into definitive agreements for taking controlling stake in Israel based Unitronics (1989) (R"G). 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. Unitronics has a robust global presence, delivering its solutions worldwide through an extensive sales network with US and European market contributing ~55% and ~40% of its sales respectively. 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. The acquisition aligns with Amber Electronic Division's strategy to expand its product portfolio in industrial applications. The combined strength lays a strong foundation for accelerated growth by localizing 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.
Time of India
4 days ago
- 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.
