Amber Group buys over 40% in Israel's Unitronics

Wait 5 sec.

Amber Group is set to acquire a 40.24% controlling stake in Unitronics, an Israeli industrial automation firm, for over ₹400 crore. ILJIN Electronics, Amber's subsidiary, will purchase shares, resulting in a combined 45.13% ownership with Unitronics' joint chairman. This acquisition aims to leverage ILJIN's manufacturing expertise, boost innovation, and strengthen Unitronics' position in India.