Standex International Acquires Full Ownership of Narayan Powertech

By Hao Liu • Sunday, July 05 13:03 • Permanent Link

Standex International has paid about $64 million to acquire the remaining 9.9% stake in India-based Narayan Powertech, giving it full ownership of the transformer maker.

The deal follows the integration of Narayan and Amran, which the company said has gone smoothly. Standex said its internal teams are now focused on meeting customer demand, while Narayan’s founder and managing director said the combination with Standex Grid has created a stronger player with a broader global footprint and product range.

Narayan Powertech manufactures low-voltage and medium-voltage instrument transformers for the electrical grid. Standex said Narayan is now part of its broader industrial portfolio, which spans Electronics, Aerospace & Defense, Scientific, and Engraving & Hydraulics. Following these announcements, the company's shares moved -5.91%, and are now trading at a price of $327.87. For the full picture, make sure to review STANDEX INTERNATIONAL CORP/DE/'s 8-K report.

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