Acquisitions28 Jun 2025, 11:55 am
Amber Enterprises India Ltd Subsidiary to Acquire Majority Stake in Power-One Micro Systems
AI Summary
Amber Enterprises India Ltd's subsidiary, IL JIN Electronics (India) Private Limited, has entered into a Share Purchase Agreement and Shareholders’ Agreement with Power-One Micro Systems Private Limited and other parties for the acquisition of a majority stake in Power-One. Power-One is a prominent player in the power electronics and renewable energy industry, offering comprehensive solutions of Battery Energy Storage Systems (BESS), solar inverters, solar power plants, UPS solutions, EV chargers and other products. Post-acquisition, Power-One will become a subsidiary of ILJIN and a step-down subsidiary of Amber Enterprises India Limited.
Key Highlights
- Amber Enterprises India Ltd's subsidiary, IL JIN Electronics (India) Private Limited, to acquire a majority stake in Power-One Micro Systems Private Limited.
- Power-One is a prominent player in the power electronics and renewable energy industry.
- The acquisition will enable Amber Enterprises to foray into the rapidly growing segment of energy solutions and augment the Industrial segment of its Electronics Division.
- Power-One will become a subsidiary of ILJIN and a step-down subsidiary of Amber Enterprises India Limited.
- No governmental or regulatory approvals are required for the acquisition.