Acquisitions28 Jul 2025, 05:31 am
Amber Enterprises India Ltd Subsidiary ILJIN Electronics to Acquire 40.24% Stake in Unitronics for NIS 156,082,400.3
AI Summary
Amber Enterprises India Ltd's subsidiary, ILJIN Electronics (India) Private Limited, has entered into a Share Purchase Agreement and Shareholders’ Agreement with the controlling shareholders of Unitronics (1989) (R
Key Highlights
- ILJIN Electronics to acquire approximately 40.24% of Unitronics for NIS 156,082,400.3
- Unitronics is a publicly traded company in the Tel Aviv Stock Exchange
- The acquisition is expected to enhance Amber Enterprises' competitiveness in the Indian market and provide access to global markets
- ILJIN and Mr. Shani will together hold approximately 45.13% controlling stake in Unitronics post-acquisition
- Unitronics offers a wide range of industrial automation products