Standex Buys Out Narayan Powertech India Stake for $64M
Standex International acquires the remaining 9.9% of India's Narayan Powertech, completing full ownership for $64 million.
Standex International has moved to secure complete control of India-based Narayan Powertech, paying $64 million to acquire the remaining 9.9% stake it did not already own. The deal brings Standex to 100% ownership of the Indian power technology firm, marking a significant step in the U.S. manufacturer's push to deepen its footprint in one of the world's fastest-growing industrial markets.
The transaction underscores a broader strategic trend among U.S. industrial conglomerates seeking to consolidate partial holdings into full subsidiaries, particularly in South Asia where infrastructure investment and energy demand continue to surge. Full ownership gives Standex tighter operational control, eliminates minority shareholder obligations, and positions the company to integrate Narayan Powertech's capabilities more directly into its global supply chain and product portfolio.
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Narayan Powertech operates in the power components space, a segment that has attracted sustained investor interest as India accelerates grid modernization and electrification programs. For Standex, the buyout represents both a financial commitment and a vote of confidence in the long-term growth trajectory of India's energy and manufacturing sectors.
While specific deal terms beyond the headline price were not disclosed, the $64 million figure for a minority 9.9% stake implies a substantial overall valuation for Narayan Powertech. Analysts will likely watch for how Standex plans to leverage full ownership to drive revenue synergies and margin improvements across its engineering segment.
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