Amber Group Acquires 40.4% Stake in Israel's Unitronics

Amber Group, a leading Indian electronics manufacturer, has announced the acquisition of a 40.4 percent stake in Israel-based industrial automation firm Unitronics, a strategic move marking its global expansion into the programmable logic controller (PLC) segment.

The total investment, valued at 157 million (~$46.8 million), comprises a 31.4 percent stake from private equity fund FIMI for 122 million ($36.4 million) and 9 percent from Unitronics co-founder Haim Shani for 35 million ($10.4 million). Post-acquisition, Shani will retain a 4.76 percent stake. The deal values Unitronics at 388 million (~$115.8 million)—a 15 percent premium over market price.

Key Highlights

• Amber Group to acquire 40.4 percent stake in Israeli firm Unitronics for approx. 
• FIMI exits with a 4.8x return on its 2016 investment—its first foreign buyer transaction in recent years
• Unitronics, a leader in PLCs and industrial automation, is valued at ~$115.8 million post-deal

Founded in Israel, Unitronics specializes in industrial automation solutions, particularly PLCs, offering a suite of software and hardware tools for global factory automation markets. The company previously separated its robotic parking unit Utron in 2019, now valued at 75 million.

FIMI Opportunity Funds, Israel’s largest PE fund, originally acquired control in 2016 at 110 million (~$32.8 million), earning a 4.8x return on investment. This also marks FIMI’s first significant exit to a foreign strategic buyer in recent years.

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For Amber Group, the acquisition accelerates its ambition to enter global automation markets and strengthens Indo-Israeli tech ties. It positions the company at the intersection of manufacturing and industrial digitization, with strong synergy in automation, electronics, and smart infrastructure.