Amber Enterprises' Subsidiary to Acquire 40.24% Stake in Unitronics for NIS 156.08 Million

ILJIN Electronics (India) Private Limited, a material subsidiary of Amber Enterprises India Limited, has entered into definitive agreements to acquire approximately 40.24% of the issued and outstanding share capital of Unitronics (1989) (R"G) Ltd. for a cash consideration of NIS 156.08 million. Following the acquisition, ILJIN, along with Mr. Haim Shani, will hold approximately 45.13% controlling stake in Unitronics.

Strategic Rationale

The acquisition aligns with Amber Enterprises' Electronic Division's strategy to expand into industrial applications, leveraging backward integration capabilities to localize manufacturing. This is expected to enhance the company's competitiveness in the Indian market and cater to the growing demand for Industry 4.0 solutions and real-time data-driven technologies, while also providing access to global markets like the US and Europe.

Target Company Profile

Unitronics, founded in August 1989 and publicly traded on the Tel Aviv Stock Exchange since 2004, specializes in industrial automation products. These include Programmable Logic Controllers (PLCs), Human-Machine Interfaces (HMIs), Variable Frequency Drives (VFDs), Servo Drives, and SaaS solutions like UniCloud and Industrial Internet of Things (IIoT) technologies. The company supports machine and process control across various industries with its all-in-one software.

Unitronics Financial Performance

Unitronics' financial year follows the calendar year. Here's a summary of their revenue for the past three years (in thousands of New Israeli Shekels - NIS):

• 2024: NIS 192,236

• 2023: NIS 211,671

• 2022: NIS 155,520

Transaction Details

The Share Purchase Agreement (SPA) and Shareholders' Agreement (SHA) were executed on July 27, 2025. The acquisition is expected to be completed within 60 business days from the effective date of the agreements. No governmental or regulatory approvals are required for this acquisition.

Parties Involved

The agreement involves ILJIN Electronics (India) Private Limited, FIMI Opportunity V, L.P, FIMI Israel Opportunity V, Limited Partnership, and Mr. Haim Shani. Unitronics, FIMI, and Mr. Shani are not related parties to ILJIN or Amber Enterprises.