Amber Enterprises India Limited has informed the Exchange that ILJIN Electronics (India) Private Limited ( ILJIN ), a Material Subsidiary of the Company, has on 27 June 2025 entered into a Share Purchase Agreement and Shareholders Agreement ( Definitive Agreements ) with Power-One Micro Systems Private Limited for the acquisition of majority stake of Power-One Micro Systems Private Limited.
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Amber Enterprises' material subsidiary ILJIN Electronics has signed definitive agreements on June 27, 2025, to acquire a majority stake in Power-One Micro Systems, a Bangalore-based company in the power electronics and renewable energy space. Power-One manufactures solar inverters, battery energy storage systems (BESS), UPS solutions, EV chargers, and solar power plants, with a turnover of Rs. 184.87 crore in FY24 (up from Rs. 117.08 crore in FY22). The deal is a cash transaction done at arm's length, with no government approvals needed, and the acquisition price will be disclosed post-closing. After the deal, Power-One will become a step-down subsidiary of Amber. The move helps Amber enter the fast-growing energy solutions segment and strengthen its electronics division through backward integration synergies.
Positive for shareholders — the acquisition expands Amber into the high-growth clean energy and power electronics space, diversifying revenue streams beyond consumer durables. Investors should watch for the final deal value and post-closing integration progress.