M&A Deal Summary

Standex Acquires Narayan Powertech

On October 29, 2024, Standex acquired electrical equipment company Narayan Powertech

Acquisition Highlights
  • This is Standex’s 8th transaction in the Electrical Equipment sector.
  • This is Standex’s 2nd transaction in India.

M&A Deal Summary

Date 2024-10-29
Target Narayan Powertech
Sector Electrical Equipment
Buyer(s) Standex
Deal Type Add-on Acquisition
Advisor(s) Northern Edge (Financial)
Chamberlain Hrdlicka
Khaitan & Co. (Legal)

Target

Narayan Powertech

Vadodara, India
Narayan Powertech designs and manufactures low- and medium-voltage instrument transformers for products focused on the electrical grid, smart grid technology, data centers, and renewable energy systems. Narayan Powertech is based in Vadodara, India.

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Buyer(S) 1

Buyer

Standex

Salem, New Hampshire, United States

Category Company
Founded 1955
Sector Manufacturing
Employees3,700
Revenue 721M USD (2024)
DESCRIPTION

Standex is a multi-industry manufacturer in five broad business segments: Food Service Equipment Group, Air Distribution Products Group, Engineering Technologies Group, Engraving Group and the Electronics and Hydraulics Group with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil, India, Turkey and China. Standex was founded in 1955 and is based in Salem, New Hampshire.


DEAL STATS #
Overall 26 of 26
Sector (Electrical Equipment) 8 of 8
Type (Add-on Acquisition) 24 of 24
Country (India) 2 of 2
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-29 Amran Instrument Transformers

Sugar Land, Texas, United States

Amran Instrument Transformers designs and manufactures low-voltage and medium-voltage instrument transformers for products focused on the electrical grid, smart grid technology, data centers, and renewable energy systems. Amran Instrument Transformers is based in Sugar Land, Texas.

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