Amber Enterprises India’s Material Subsidiary---IL JIN Electronics (India) (ILJIN) has entered into ‘definitive agreements’ with Ascent Circuits (Ascent) on January 2, 2024, for acquiring majority stake in the equity share capital of Ascent, which is one of the leading manufacturers of Printed Circuit Boards (PCBs) catering to a wide range of industries including Aerospace & Defence, Medical, Energy solutions, Automotive, Telecom, Data Centres, Consumer Electronics, IT, Lighting etc. Ascent manufactures Single Sided, Double Sided, Multi-Layered and RF PCBs. (Business). Ascent also exports its produce to global markets.
Pursuant to the said acquisition by IL JIN, Ascent will become subsidiary of ILJIN and Step-Down subsidiary of the company. Amber as a group and Ascent are amongst the leading players in their respective segments. The Parties expect to leverage on each other’s technical expertise and customer reach to further grow the Company by deepening, diversifying into backward integration of passive electronic components and expanding into new customer base and product portfolio.
Amber Enterprises India is a prominent solution provider for Air conditioner OEM/ODM Industry in India.
Company Name | CMP |
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Voltas | 1461.00 |
Blue Star | 1452.85 |
Amber Enterprises | 3782.65 |
Johnson Controls | 1137.25 |
EPACK Durable | 206.05 |
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