Unitronics Overview
Unitronics designs, manufactures, and markets advanced control and automation solutions. Its extensive offerings include a complete line of PLCs with integrated HMI; a full line of VFDs, AC servo drives, and motors; a broad array of I/Os and complementary devices; and programming software for all aspects of control, motion, HMI, and communications. Unitronics PLCs range from micro-PLC + HMI units for simple machine control to complex controllers with advanced functions, a variety of onboard IOs, and multiple communications options. Unitronics controllers have won a number of industry awards from 2013 to 2017, including the 2016 Best Practices Award by Frost & Sullivan.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
First global move for Indian firm reflects growing foreign appetite for Israeli industrial IP.
The Indian Amber Group is acquiring a 40.4% stake in the Israeli electronic components company Unitronics, marking its first deal outside India. Amber is purchasing shares from private equity fund FIMI and tech entrepreneur Haim Shani, with the transaction reflecting a valuation of ₪388 million ($115.8 million) for Unitronics. FIMI, which acquired control of Unitronics in 2016, achieved a 4.8x return on its investment. The deal represents a 15% premium over Unitronics current market price. Unitronics develops programmable logic controllers (PLCs) and other hardware and software products for industrial automation. This acquisition is significant as it marks FIMIs first sale to a foreign buyer after years of exits primarily to Israeli institutional investors.
Acquired-by
growth-positive
3 Reliable Dividend Stocks Yielding Up To 7.5%
The article discusses the appeal of dividend stocks amid volatile global markets and economic uncertainties. It highlights several companies with high dividend yields, including PTC India Limited, which operates in the power trading sector across India and neighboring countries. PTC India has announced a final dividend of INR 7.80 per share for FY 2023-24, supported by its earnings and cash flows. Despite a history of volatile dividends, recent growth in net income suggests improved financial stability for the company. The article suggests that PTC India may be undervalued, making it an attractive option for investors seeking steady income streams.
growth-negative
US Tries to Contain Hacking Campaign Targeting Water Systems
US authorities are addressing a cybersecurity threat posed by Iranian hackers targeting drinking water and sewage systems across the country. The CyberAv3ngers group, linked to Irans Islamic Revolutionary Guard Corps, has been exploiting vulnerabilities in programmable logic controllers made by Unitronics, an Israeli company. These devices are widely used in water and wastewater systems. Affected utilities, including the Municipal Water Authority of Aliquippa, have had to switch to manual operations. Despite the breaches, there has been no impact on safe drinking water. US and Israeli agencies have issued warnings about the vulnerabilities, emphasizing the need for enhanced security measures. The cybersecurity firm Dragos is assisting Unitronics customers in mitigating the threat.
Customers
Growth-Negative
US Tries to Contain Hacking Campaign Targeting Water Systems
US authorities are working to contain a campaign by Iranian hackers against multiple drinking water and sewage systems around the country. A group called the CyberAv3ngers, who are affiliated with the Iranian Government’s Islamic Revolutionary Guard Corps, has been targeting technology that runs physical systems, called programmable logic controllers, that are made by Unitronics, an Israeli company. The devices are commonly used in water and wastewater systems, in addition to other industries including energy, food and beverage manufacturing and health care. The US designated the IRGC as a terrorist organization in 2019.
Customers
growth-negative
Breaches by Iran-affiliated hackers spanned multiple U.S. states, federal agencies say
The Municipal Water Authority of Aliquippa in Pennsylvania was one of several organizations in the U.S. breached by Iran-affiliated hackers targeting Israeli-made industrial control devices. The attack, linked to the group Cyber Av3ngers associated with Irans Islamic Revolutionary Guards Corps, affected multiple sectors, including energy and healthcare. The breach led to a temporary halt in water pressure regulation, requiring manual operation. The advisory from U.S. and Israeli authorities highlighted the vulnerability of Vision Series programmable logic controllers made by Unitronics, used across various industries. The hackers left a message declaring Israeli-made equipment as a legal target. The incident underscores the heightened cyber threat environment following geopolitical tensions.
| Sector | Industrial Technologies |
Funding
| Total funding | $99M |
| Last funding | $47M |
| Stage | Mature |
| Rounds | 5 |
| Investors | 3 |
Team Members
6
Employees: 51-200
Web & Social Links
| Website | www.unitronicsplc.com |
| Careers | Careers page |
| App Store | App Store |
| Google Play | Google Play |
Locations
Lod, Israel
1 Batterymarch Park, Quincy, Massachusetts, USA
401 Hackensack Avenue, Hackensack, NJ, USA
Photos & Videos
3 item(s)
