Standex International Acquires Amran Instrument Transformers and Narayan Powertech for $462M
November 4, 2024
Standex International Corporation (NYSE: SXI) has acquired US-based Amran Instrument Transformers and India-based Narayan Powertech Pvt. Ltd. in two simultaneous transactions valued at a combined enterprise value of approximately $462 million in cash and stock. The acquisitions expand and diversify Standex Electronics' product portfolio in instrument transformers and related electrical grid components; the founders and leadership of the Amran/Narayan Group will remain involved to support integration and growth.
- Buyers
- Standex International Corporation
- Targets
- Amran Instrument Transformers, Narayan Powertech Pvt. Ltd.
- Sellers
- Amran Instrument Transformers, Narayan Powertech Pvt. Ltd., Founders and leadership team of the Amran/Narayan Group
- Industry
- Manufacturing
- Location
- Texas, United States
- Transaction Type
- Buyout
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