Standex acquires Amran LLC for $180.6M and 90.1% of Narayan Powertech for $254M; enters $250M term loan

STANDEX INTERNATIONAL CORP/DE/

Acquired Amran LLC for $180.6M total: $153.5M cash plus 152,299 shares of Standex common stock valued at $27.1M.
Acquired 90.1% of Narayan Powertech Private Limited (India) for $254M cash; remaining 9.9% via stock swap pending RBI approval.
Entered $250M term loan with Citizens Bank to fund acquisitions; matures October 27, 2025, with variable interest.
Acquired businesses include Amtran Magnetics (India) and Narayan Powertech, expanding international precision engineering footprint.
Financial statements and pro forma data for acquisitions to be filed within 71 days of this report.

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