STANDEX INTERNATIONAL CORP/DE/ (SXI): M&A transaction — 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.

item 1.01 item 2.03 item 2.01 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

STANDEX INTERNATIONAL CORP/DE/ completed an acquisition involving Narayan Powertech Private Limited for $253,973,880 (closed 2024-10-28).

Action: acquisition
Counterparty: Narayan Powertech Private Limited
Consideration: $253,973,880
Closing: 2024-10-28

Exact text from the filing

Purchase Agreement, Mold-Tech Singapore acquired 90.10% of the capital stock of Narayan from the Narayan Selling Parties on the Closing Date for an aggregate cash payment of $253,973,880. Subject to receipt of regulatory approval from the Reserve Bank of India (“RBI”), Mold-Tech Singapore will acquire the remaining 9.90% of the capital stock of Narayan in a

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

STANDEX INTERNATIONAL CORP/DE/ completed an acquisition involving Amran, LLC for $180,600,000 (closed 2024-10-28).

Action: acquisition
Counterparty: Amran, LLC
Consideration: $180,600,000
Closing: 2024-10-28

Exact text from the filing

to the Amran Purchase Agreement, on the Closing Date, Standex acquired 100% of the outstanding membership interests of Amran from Bolt, in consideration for an aggregate of $180,600,000 (the “Amran Consideration”). The Amran Consideration consisted of $153,510,000 paid in cash in consideration for 85% of the outstanding membership interests of Amran and 152,299

View on SEC.gov

Browse all m&a transactions →

STANDEX INTERNATIONAL CORP/DE/ filing history →

Source: SEC EDGAR

accession 0001437749-24-032685

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.