Standex International to acquire Amran Instrument Transformers and Narayan Powertech for $462m.

Standex International, a global industrial growth company, agreed to acquire Amran Instrument Transformers and Narayan Powertech, two manufacturers of low voltage and medium voltage instrument transformers for products focused on the electrical grid, smart grid technology, data centers, and renewable energy systems, for $462m. "As the largest acquisitions in the Company's history, this is an exciting milestone for Standex. Amran/Narayan Group's extensive low to medium voltage portfolio and engineering expertise fit within our strategy to accelerate growth in secular, fast growth end markets. The combination of Standex and Amran/Narayan Group continues Standex's portfolio strategy of focusing our higher-margin business segments in faster-growing markets. With these acquisitions, Standex Electronics will now represent more than 50% of the Company, and we anticipate consolidated adjusted EBITDA margin expanding by over 200 basis points in the first full year as a combined company. We look forward to welcoming the entire Amran/Narayan Group team to our company," David Dunbar, Standex President and CEO.