Mergers & Acquisitions ·
Standex International Corporation, through its subsidiary Mold-Tech Singapore PTE LTD, completed the acquisition of…
SXIStandex International Corp
Standex International Corporation, through its subsidiary Mold-Tech Singapore PTE LTD, completed the acquisition of the remaining 9.90% minority interest in Narayan Powertech Private Limited for approximately $64,000,000 in cash. This transaction follows a previous acquisition of 90.10% of the company in October 2024 and the failure to obtain RBI regulatory approval for a previously planned share swap. Standex International Corporation is a diversified industrial manufacturer that provides specialized products and services for various industries.