#India #Salem #Transformers #Standex International #Narayan Powertech

Standex International Expands Its Horizons with Full Acquisition of Narayan Powertech

In a significant strategic move, Standex International Corporation (NYSE:SXI) has proudly announced the successful acquisition of the remaining 9.9% stake in India-based Narayan Powertech. This important deal, worth approximately $64 million, elevates Standex's controlling interest in the leading manufacturer of low voltage and medium voltage instrument transformers. With this acquisition finalized as of July 2, 2026, Standex is set to expand its operational capabilities and enhance its customer service offerings in the growing transformer market.

David Dunbar, President and CEO of Standex, expressed enthusiasm over the integration process, noting, "We are pleased with the smooth integration of Narayan and Amran. Our internal teams are completely focused on meeting customer demand now and in the future." Dunbar's confidence signifies a strong commitment to delivering quality and solutions tailored to customer needs post-acquisition.

The power transformation industry is crucial, as it continues to adapt to the evolving technological landscape and increasing energy demands. By leveraging Narayan Powertech’s established presence, Standex can benefit from a larger global footprint and an expanded portfolio. Chirag Shah, Managing Director and Founder of Narayan Powertech, also weighed in on the merger stating, "Narayan and Standex Grid have created a stronger player in the transformer industry, with the ability to leverage a larger global footprint and portfolio breadth to create increased value for our customers."

Standex’s acquisition aligns with its ongoing strategy to fortify its position across various sectors, particularly in the electronics and defense fields, engineering, and hydraulics, among others. This move reflects a calculated approach to broaden product offerings and improve service delivery capabilities by integrating Narayan’s technological expertise into Standex’s existing operational framework.

Established as a multi-industry manufacturer, Standex operates in four broad business segments: Electronics, Aerospace and Defense, Scientific, and Engraving and Hydraulics. The company boasts a robust international presence with operational facilities in the United States, Europe, Canada, Japan, Mexico, Turkey, India, and China. This global reach enables Standex to support a diverse array of customers across multiple sectors.

As a key player in India’s growing energy sector, Narayan Powertech is recognized for its innovative designs and robust manufacturing processes, focusing on producing reliable transformers essential for electrical grids. With their advanced capabilities, they are poised to contribute significantly to Standex's development of integrated solutions for energy and infrastructure challenges.

With regards to future directions, the leadership of both Standex and Narayan appears optimistic, looking forward to driving innovation and delivering enhanced value to customers across the energy landscape. The collaboration is expected to facilitate sustainable growth, enabling both entities to adapt to the increasing demands and complexities of the global energy market.

For more information about Standex International Corporation, their vision, or to explore their product offerings, interested parties can visit their website at standex.com. To learn more about Narayan Powertech and its innovative transformer solutions, their website is available at narayanpowertech.com. This acquisition is not just a testament to Standex’s ambitious growth plans but also a promise of enhanced capabilities for power solutions, setting a new standard within the industry.