The American corporation Standex International has entered into an agreement to acquire the remaining 9.9% stake in the Indian company Narayan Powertech for $64 million. This is reported in the press release of Standex.
In 2024, Standex bought out 90.1% of Narayan Powertech for $462 million and combined it with the previously acquired assets of Amran Instrument Transformers to form a new company called Amran/Narayan.
The deal allows Standex to strengthen its global presence in the electrical equipment market by integrating assets.
Standex conducts extensive international activities in the USA, Europe, Canada, Asian countries (Japan, China, India, etc.), as well as in Latin America (Brazil, Mexico, South Africa). About 40% of the company's revenue comes from operations outside the United States. In 2012, Standex bought Meder Electronic GmbH, in 2017 — the manufacturer of reed relays OKI in Japan, and in 2020 — Renco Electronics.
Standex is an American multidisciplinary company in the field of electronics, aerospace and defense industries, hydraulics, etc. The headquarters is located in Salem, New Hampshire.
Narayan Powertech Pvt. Ltd. is an Indian company manufacturing low and medium voltage transformers for power engineering and power supply. The headquarters is located in Padra (Gujarat, India).
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