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Standex acquires remaining 9.9% of Narayan Powertech for $64M, strengthening its transformer business globally

Company Fundamentals
02 Jul 2026
PRNewsWire
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Bullish
pluang ai news

Standex International Corporation has acquired the remaining 9.9% stake in Narayan Powertech, an Indian manufacturer of low and medium voltage transformers, for about $64 million. This acquisition completes Standex's ownership of Narayan, enhancing its global footprint and product range in the transformer industry. The integration aims to better meet customer demand and create more value through a broader portfolio. Standex operates across multiple industries and countries, while Narayan specializes in transformers for electrical grids.

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