Amber Group acquires controlling stake in Unitronics to boost Industry 4.0 solutions

▤ Summary

Amber Group’s subsidiary ILJIN Electronics is buying a controlling stake in Unitronics in an all-cash deal worth about NIS 156 million. The transaction will give Amber and its chairman a combined 45.13% stake in the company. Amber says the deal will help Unitronics improve operational synergies, accelerate innovation, and strengthen its position in India. The company also wants to expand its industrial product portfolio, improve backward integration, and access markets in the US and Europe.

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