Amber Buys Unitronics To Boost India, Global Tech Presence

29 Jul 2025 CW Team

Amber Enterprises, via its material subsidiary IL JIN Electronics India, has acquired a controlling stake in Israel-based Unitronics (1989) (R”G), marking a strategic step to strengthen its presence in industrial automation.

Unitronics will benefit from IL JIN’s deep expertise in electronic manufacturing and pan-India infrastructure, enabling operational synergies, enhanced innovation, and a stronger product foothold within the Indian market.

In 2024, Unitronics reported a turnover of USD 57 million, with EBITDA margins of 30 per cent and a market capitalisation of USD 110 million.

The acquisition is aligned with Amber's electronic division strategy to broaden its product offering in industrial applications. The combined capabilities will accelerate growth by localising manufacturing via backward integration, boosting competitiveness in India, and opening access to high-demand global markets such as the United States and Europe, particularly amid rising interest in Industry 4.0 and real-time data-driven solutions.

Unitronics has a strong international presence, with 55 per cent of its sales derived from the US and 40 per cent from European markets. It offers a comprehensive range of industrial automation products including programmable logic controllers (PLCs), human-machine interfaces (HMIs), integrated PLC-HMI units, variable frequency drives (VFDs), servo drives, and software-as-a-service (SaaS) solutions like UniCloud.

Amber Enterprises’ share price has declined by 3.8 per cent over the last five trading sessions. However, it has returned 7.5 per cent in the past month, 9 per cent over six months, and delivered a 66 per cent gain over the past year, significantly increasing investor value.

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..