STANDEX ACQUIRES REMAINING INTEREST IN NARAYAN POWERTECH

Standex International Corporation has finalized its acquisition of the remaining 9.9% interest in Narayan Powertech for approximately $64 million. This transaction, announced on July 2, 2026, allows Standex to fully integrate Narayan, a prominent manufacturer based in India specializing in low voltage and medium voltage instrument transformers. The acquisition underscores Standex's commitment to expanding its footprint in the transformer industry and enhancing its product offerings.

Narayan Powertech is recognized for its innovative solutions in the electrical grid sector, focusing on the design and manufacturing of transformers that are essential for efficient power distribution. The company has established a strong reputation in the market, driven by its commitment to quality and technological advancement. By acquiring the remaining interest in Narayan, Standex aims to consolidate its position in the transformer market, leveraging Narayan's expertise and established customer base.

The strategic rationale behind this acquisition is rooted in the synergies that exist between Standex and Narayan. Standex, a diversified manufacturer operating across multiple sectors including Electronics, Aerospace & Defense, and Scientific, can enhance its capabilities in the transformer segment through Narayan's specialized knowledge and product line. The integration of Narayan is expected to create a stronger entity within the transformer industry, enabling both companies to capitalize on a larger global footprint and a broader portfolio of products.

The transformer industry is currently experiencing significant growth, driven by increased investments in renewable energy and infrastructure development. As countries transition to more sustainable energy sources, the demand for efficient power distribution systems is on the rise. Standex's acquisition of Narayan positions the company to meet this growing demand, providing it with a competitive edge in a rapidly evolving market.

Looking ahead, the full integration of Narayan Powertech is poised to enhance Standex's operational capabilities and market reach. The acquisition reflects a broader trend of consolidation within the manufacturing sector, as companies seek to strengthen their competitive positions in response to changing market dynamics. As Standex moves forward with this strategic investment, it is well-positioned to capitalize on emerging opportunities in the transformer market, ultimately driving long-term growth and value for its stakeholders.