Amber acquires Unitronics stake for ₹404 cr

Amber Electronics to acquire a controlling stake in Israel’s Unitronics for ₹404 crore. The stock gained nearly 3% following the announcement.   

Unitronics builds industrial automation tech like Programmable Logic Controllers (PLCs), Human-Machine Interfaces (HMIs), cloud-based software (UniCloud), and IIoT solutions. Think of it as the digital backbone behind smart factories.

The deets: Amber will pick up 40.24% of Unitronics’ share capital, and once the deal’s done, it will co-own 45.13% of the company alongside Haim Shami. The transaction is expected to close in the next 60 business days.

The why: Amber wants to grow its electronics division by entering the industrial tech game. 

With this deal, it gets not just automation muscle but also a pipeline into global markets like the US and Europe. It’s also a smart move to boost localised manufacturing and ride the Industry 4.0 wave where connected machines and smart controls are the future.

Zoom out: with this acquisition, Amber is not just buying a company, it’s buying a strategic edge in automation. As global supply chains digitise, having in-house automation tech gives Amber the power to scale smarter, faster, and globally.