Amber Enterprises shares rise 2% as it acquires Israel's Unitronics for Rs 404 crore

Amber Enterprises has been on a strong run, rising 16 percent in the last 3 months.

Shares of Consumer durables maker Amber Enterprises gained as much as 2 percent after it announced a planned acquisition of a controlling stake in Israel-based Unitronics (1989) (R"G) Ltd.

In a regulatory filing, Amber said that its electronics division, ILJIN Electronics, has signed definitive agreements to acquire up to 40.24 percent of Unitronics’ issued and outstanding share capital. Following the deal, Amber will jointly hold a 45.13 percent stake in the company alongside Haim Shami, one of Unitronics’ key promoters.

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Amber said the acquisition aligns with its strategy to expand ILJIN’s capabilities in industrial applications, backed by its backward integration strength. It expects the move to sharpen its competitive edge in India and support the rising demand for Industry 4.0 solutions, while opening access to key markets like the US and Europe.

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Unitronics, established in 1989, specialises in industrial automation systems, including programmable logic controllers (PLCs), human-machine interfaces (HMIs), and integrated PLC-HMI solutions. The company also offers SaaS-based platforms like UniCloud and Industrial IoT products.

The stake purchase will be executed at a consideration of 15.6 crore Israeli New Shekels, translating to about Rs 404 crore at the prevailing exchange rate of Rs 25.89 per shekel. The transaction is expected to close within 60 business days.

At about 10:30 am, shares of the company were trading at Rs 7,400, higher by 1.8 percent from the last close on the NSE. Amber Enterprises has been on a strong run, rising 16 percent in the last 3 months.

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