Amber Enters Israel with USD42M Deal – Marking First Investment Outside of India
Amber Enterprises India Limited, a publicly listed Indian engineering and technology company, has acquired a 40% stake in Unitronics (1989) (R.G.) Ltd., an Israeli developer of programmable logic controllers and industrial automation software, for approximately NIS 156 million (around USD 42 million).
The acquisition includes a 31% holding from FIMI Opportunity Fund and a 9% stake from Unitronics founder and chairman Haim Shani, who retains 5% of the company and remains chairman.
The transaction, which values Unitronics at NIS 390 million, forms part of Amber’s strategic expansion into global markets, positioning the company to expand into new markets across Asia, particularly India, South Korea, and Japan, while enhancing its reach in Europe and the Americas.
Shibolet Law Offices advised Amber on all legal aspects of the cross-border transaction. The team was led by partners Revital (Tali) Ben-Artzi, Gal Giladi, and Yonatan Cohen, who provided comprehensive support throughout the negotiation and execution of the share purchase and shareholders’ agreements.
This deal marks FIMI’s second exit from Unitronics, following a 25% sale in early 2024 to institutional investors including Mor Investment House. FIMI initially acquired 50% of Unitronics in 2016 for NIS 110 million
