Standex International Corporation has acquired the remaining 9.9% stake in India-based Narayan Powertech for $64 million [1], [2].
This transaction completes Standex's ownership of the company, signaling a deeper commitment to the Indian industrial market. By consolidating its hold on Narayan Powertech, the corporation gains full operational control over the entity's assets and strategic direction.
The acquisition of the final 9.9% interest [1], [2] follows a period of incremental ownership. The $64 million payment [1], [2] ensures that Standex now holds 100% of the company's equity. This move removes the need for joint venture coordination, or minority shareholder approvals, for future capital expenditures.
Narayan Powertech operates within the specialized sector of instrument transformers. The integration of this firm allows Standex to strengthen its manufacturing footprint in India, a region seeing increased demand for power infrastructure and electrical components.
Standex has not detailed the specific timeline for the integration of the remaining shares, but the financial transaction is complete [1], [2]. The move aligns with broader corporate strategies to scale global operations through strategic acquisitions in emerging markets.
“Standex International Corporation has acquired the remaining 9.9% stake in India-based Narayan Powertech”
This acquisition represents a strategic pivot toward total vertical integration in the Indian power sector. By moving from a majority stake to full ownership, Standex eliminates the friction of minority ownership and positions itself to capture a larger share of India's growing electrical infrastructure market without the constraints of shared equity.
