Amber Enterprises India Limited, a key player in the electronics and manufacturing sector, has announced a significant step toward expanding its global presence through its material subsidiary ILJIN Electronics (India) Private Limited. On 27 July 2025, ILJIN entered into definitive agreements—namely a Share Purchase Agreement and a Shareholders’ Agreement—to acquire approximately 40.24% stake in Unitronics (1989) (R”G) Ltd., an Israel-based industrial automation company.

About the Acquisition

The definitive agreements were executed between ILJIN, FIMI Opportunity V, L.P. and FIMI Israel Opportunity V, Limited Partnership (collectively referred to as FIMI), and Mr. Haim Shani, a controlling shareholder of Unitronics. Through this acquisition, ILJIN is set to purchase 5,624,591 shares at a price of NIS 27.75 per share, aggregating to a total purchase value of NIS 156,082,400.30.

Following this transaction and the execution of the shareholder agreements, ILJIN, along with Mr. Haim Shani, will hold a combined controlling stake of approximately 45.13% in Unitronics. With this, Unitronics is poised to become a subsidiary of ILJIN, bringing with it a wealth of capabilities and technologies in industrial automation.

Strategic Rationale

This acquisition is strategically aligned with Amber Enterprises’ vision to strengthen its Electronic Division, particularly in industrial applications and backward integration. By integrating Unitronics’ automation solutions into its portfolio, Amber aims to localize manufacturing processes more efficiently, thereby enhancing its competitiveness in the Indian market.

Furthermore, Unitronics’ established presence in global markets, especially in regions like the United States and Europe, provides Amber and ILJIN a gateway to international expansion. The move is in line with the company’s broader goals to respond to Industry 4.0 demands, leverage real-time data-driven systems, and expand SaaS-based and IIoT product offerings.

About Unitronics

Founded in August 1989, Unitronics is a publicly traded company listed on the Tel Aviv Stock Exchange (TASE) since 2004. The company specializes in the design, development, manufacturing, marketing, sale, and support of industrial automation products, which include:

• PLCs (Programmable Logic Controllers)

• HMIs (Human-Machine Interfaces)

• Integrated PLCs with HMIs

• Variable Frequency Drives (VFDs)

• Servo Drives

• SaaS-based platforms like UniCloud

• Industrial Internet of Things (IIoT) solutions with embedded business intelligence

These products are supported by all-in-one software suites that cater to machine and process control needs across various industries. Unitronics has consistently evolved to meet the dynamic requirements of the automation sector, making it a valuable strategic acquisition for ILJIN.

Financial Performance

Unitronics has shown strong turnover over the past three years, indicating consistent performance and demand:

• FY 2024: Revenue of NIS 192,236,000

• FY 2023: Revenue of NIS 211,671,000

• FY 2022: Revenue of NIS 155,520,000

Its paid-up share capital (excluding dormant shares) stands at NIS 13,977,075, while the authorized share capital is NIS 100,000,000.

Non-Related Party Nature of the Deal

As per the disclosure under Regulation 30 of SEBI LODR Regulations, it has been clarified that Unitronics, FIMI, and Mr. Haim Shani are not related parties to ILJIN or its parent Amber Enterprises. Therefore, the transaction does not fall under the purview of related party transactions, and the acquisition is conducted on an arm’s length basis.

Key Agreement Details

• Share Purchase Agreement: Between ILJIN, FIMI, and Mr. Haim Shani for the purchase of 5.6 million+ shares.

• Shareholders’ Agreement: Between ILJIN and Mr. Shani for post-acquisition governance.

• No governmental or regulatory approvals are required for this acquisition.

• Completion timeline: The acquisition is expected to be finalized within 60 business days from the effective date or as mutually agreed upon by the parties.

Governance and Rights

There are no special rights such as board nomination or preemptive rights involved in the agreement. All terms and covenants in the definitive agreements are standard and consistent with typical acquisition practices. There are also no potential conflicts of interest disclosed, and the transaction is deemed to be in the ordinary course of business for ILJIN and Amber Enterprises.

Geographic Expansion and Technological Synergy

With Unitronics’ headquarters in Airport City, Israel, this acquisition marks Amber’s entry into the Israeli industrial tech ecosystem, a region known for its innovation in automation and SaaS platforms. The combination of Unitronics’ global footprint and Amber’s Indian manufacturing and distribution strength is expected to deliver synergies in R&D, manufacturing efficiency, and market access.

Amber Enterprises, with this step, positions itself not just as a domestic leader in electronics and manufacturing but also as a global player ready to take on industrial automation’s future through cutting-edge technology, smart manufacturing, and integrated solutions.

This move marks a milestone in Amber’s journey towards global expansion, particularly in automation and smart manufacturing—sectors expected to see exponential growth with the evolution of Industry 4.0 and IIoT platforms. The integration of Unitronics into its fold gives Amber access to next-gen technology and new frontiers in SaaS-based industrial controls, while also enhancing its ability to cater to domestic and global demand efficiently.

This disclosure has been made in compliance with SEBI Circular No. SEBI/HO/CFD/POD2/CIR/P/0155 dated 11 November 2024 and other applicable SEBI guidelines and regulations.

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