# Standex International acquires remaining 9.9% of Narayan Powertech for $64 million

Standex International entered an agreement to acquire the remaining 9.9% stake in Indian transformer manufacturer Narayan Powertech for $64 million, following its 2024 purchase of 90.1% for $462 million.

- Type: Acquisition
- Announced: 2026-09-14
- Where: Padra, Gujarat, India
- Value: $64.0M
- Status: announced
- Products: low and medium voltage transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Standex International](https://endata.com/companies/10200.md) (acquirer)
- [Narayan Powertech](https://endata.com/companies/80757.md) (target)

## Sources

- [akm.ru](https://www.akm.ru/eng/news/american-standex-has-completed-the-acquisition-of-assets-of-indian-narayan-powertech/), 2026-09-14: "The American corporation Standex International has entered into an agreement to acquire the remaining 9.9% stake in the Indian company Narayan Powertech for $64 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.