1. At a Glance
Amber Enterprises’ material subsidiary, ILJIN Electronics (India) Pvt. Ltd., has signed definitive agreements to acquire a 40.24% stake in Unitronics (1989) (R”G) Ltd., an Israeli industrial automation company, for NIS 156 million (~₹340 crore). Post deal, ILJIN and Israeli entrepreneur Haim Shani will jointly control 45.13% of Unitronics.
2. The Deal – What’s Brewing?
ILJIN inked a Share Purchase Agreement (SPA) and Shareholders’ Agreement (SHA) with:
- FIMI Opportunity V LP (Delaware)
- FIMI Israel Opportunity V LP (Israel)
- Mr. Haim Shani (co-owner of Unitronics)
They are acquiring 5,624,591 shares at NIS 27.75 per share, all cash, no drama. After this, Unitronics becomes ILJIN’s subsidiary – giving Amber Enterprises a direct play in industrial automation
