Amber Group enters into definitive agreements to take majority stake in Power-One Micro Systems

Power-One Micro Systems offers a strong platform to unlock avenues of operational synergies and strategic growth opportunities

IL JIN Electronics India, a material subsidiary of Amber Group, has entered into definitive agreements for taking majority stake in Bengaluru based Power-One Micro Systems.

Power-One Micro Systems offers a strong platform to unlock avenues of operational synergies and strategic growth opportunities. IL JIN’s (Amber group company) extensive experience in electronic manufacturing services, operational excellence, pan-India manufacturing footprint and R&D capability will catalyse Power-One to expand its capabilities, accelerate product innovation, and strengthen its position in the Battery Energy Storage Systems (BESS), solar inverters, EV chargers, UPS and solar power plants thereby contributing to the India’s broader commitment to achieve sustainability in the power sector and transitioning towards renewable energy sources, in accordance with the National Solar Mission.

This marks a significant addition for the company’s Electronic Division – IL JIN expanding its portfolio from Consumer Durables, Hearable and Wearable, Telecom, Automotive, Energy Meters, Defence into industrial segment. 

Amber Enterprises India is a prominent solution provider for Air conditioner OEM/ODM Industry in India.