Latest news with #Unitronics
Time of India
5 days ago
- Business
- Time of India
Recognise industrial electronics as national strategic priority: ICEA
NEW DELHI: The India Cellular and Electronics Association ( ICEA ) on Monday said that industrial electronics should be considered as a national priority, and noted that the segment is crucial for the country's $500 billion electronics manufacturing target by FY31. The Delhi-based industry body, which represents Chinese brands such as, Xiaomi, Oppo and Vivo, as well as Apple and Corning in India, noted that it is crucial to manufacture electronics that will automate factories, cities, and transport networks. 'The industrial electronics segment must be recognised as a national strategic priority. It is the brain and nervous system of every advanced manufacturing setup. Without leadership in industrial automation, India cannot claim true manufacturing leadership,' said Pankaj Mohindroo, chairman, ICEA. According to ICEA, industrial electronics have a massive potential for high-skilled employment, particularly in areas such as embedded systems, automation software, robotics, and AI-integrated systems. 'We must invest in talent pipelines, R&D, and incentives to grow this sector. India should aim to become not just a user of industrial electronics, but a global design and manufacturing hub for it,' Mohindroo said. In March this year, the Narendra Modi-led government approved a ₹22,919 crore scheme to incentivise the manufacturing of electronics components in India. The scheme is expected to attract an investment of ₹59,350 crore, resulting in the production of ₹4.56 lakh crore worth of products 'The industrial electronics forms the technological backbone of modern manufacturing infrastructure, powering smart factories, robotics, intelligent grids, automated systems, and future-ready transport and logistics networks,' said Manish Walia, VP, Delta Electronics. ICEA is currently leading efforts to craft a dedicated policy and strategic roadmap for industrial electronics through its 'Steering Committee on Industrial Electronics and Infrastructure', in close collaboration with the government and leading industry stakeholders. The steering committee comprises top executives from companies such as such as Delta Electronics, Infineon Technologies, Festo, Fanuc, Rockwell Automation India, Feedback Advisory and Federation for Economic Development (FED). To this extent, ICEA cited that homegrown Amber Enterprises, through its subsidiary ILJIN Electronics India, recently acquired a controlling stake in Israeli Unitronics for ₹404 crore to focus on industrial automation technologies . Unitronics brings with it cutting-edge capabilities in Programmable Logic Controllers (PLCs), Human-Machine Interfaces (HMIs), Variable Frequency Drives (VFDs), and Industrial IoT, all of which are key enablers of Industry 4.0 . 'This transaction will significantly strengthen India's Industrial automation by providing a strong foothold in the rapidly growing sector of Industry 4.0 solutions and real-time data-driven technologies. This will accelerate our nation's transition towards smart factories and digitally-driven production systems, ultimately supporting the goal of Atmanirbhar Bharat in high-tech manufacturing,' said Jasbir Singh, executive chairman & CEO of Amber Group .
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
Amber Group buys over 40% in Israel's Unitronics
(You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: Electronics manufacturer Amber Group has signed definitive agreements to take a 40.24% controlling stake in Israel-based Unitronics , a global player in industrial automations and control systems, for more than ₹400 electronics manufacturing subsidiary ILJIN Electronics will acquire 5,624,591 shares at NIS 27.75 per share for NIS 156 million (around ₹403 crore) in an all cash-deal. After the acquisition, ILJIN, together with joint chairman of Unitronics, will own a 45.13% stake in the company. No governmental or regulatory approvals are needed for the deal, Amber said in a stock exchange filing 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 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.
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.
