M&A Deal Summary

Standex Acquires Sanyu Switch

On November 1, 2023, Standex acquired manufacturer Sanyu Switch

Acquisition Highlights
  • This is Standex’s 4th transaction in the Manufacturing sector.
  • This is Standex’s 1st transaction in Singapore.

M&A Deal Summary

Date 2023-11-01
Target Sanyu Switch
Sector Manufacturing
Buyer(s) Standex
Deal Type Add-on Acquisition

Target

Sanyu Switch

Singapore, Singapore
Sanyu Switch designs and manufactures reed relays, test sockets, testing systems for semi-conductor and other electronics manufacturing, and other switching applications. Sanyu Switch is based in Singapore.

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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 24 of 28
Sector: Manufacturing M&A 4 of 6
Type: Add-on Acquisition M&A Deals 22 of 25
Country: Singapore M&A 1 of 1
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-31 Minntronix

Watertown, South Dakota, United States

Minntronix designs and manufactures transformers, inductors, sensors, coils, chokes, and filters for products focused on cable fiber, smart meters, industrial control and lighting, electric vehicles, and home security markets. Minntronix was formed in 1990 and is based in Watertown, South Dakota.

Buy $30M
FOLLOWING 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.

Buy -