Standex acquires remaining 9.9% stake in India's Narayan Powertech for $64M
Seeking Alpha ·
Standex International Corporation ( SXI ) has acquired the remaining 9.9% interest in India-based instrument transformer manufacturer Narayan Powertech. The transaction amount for the remaining stake is approximately $64M. The acquisition follows the prior integration of Narayan and Amran into the Standex Grid business. Standex International Corporation (SXI) Presents at 46th Annual William Blair Growth Stock Conference - Slideshow Standex International's Plunge Doesn't Mean To Dive On In Standex International Corporation (SXI) Q3 2026 Earnings Call Transcript United Rentals, Grainger among industrials reaching 52-week highs Standex anticipates about $100M fiscal 2026 revenue growth as it targets ~$270M in fast-growth markets
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