Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 748

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 4
Chunk 748
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 consideration:             
 Cash payments  $57,271  $278  $57,549 
 Less: cash acquired   (586)  -   (586)
 Total  $56,685  $278  $56,963 

 Identifiable assets acquired and liabilities assumed:             
 Other acquired assets  $8,808  $-  $8,808 
 Inventories   6,524   220   6,744 
 Customer backlog   4,060   (90)  3,970 
 Property, plant, and equipment   5,315   3,288   8,603 
 Identifiable intangible assets   26,400   (1,900)  24,500 
 Goodwill   17,692   (1,270)  16,761 
 Liabilities assumed   (12,114)  30   (12,423)
 Total  $56,685  $278  $56,963 

       37

   Amran/Narayan Group
    
   On  October 28, 2024 (“Closing Date”), the Company acquired, in separate transactions, 100% of the outstanding membership interest in Amran LLC (“Amran”), a privately-held company based in Houston, Texas, pursuant to a Securities Purchase Agreement (the “Amran Purchase Agreement”) and through its wholly owned subsidiary, Mold-Tech Singapore PTE LTD (“Mold-Tech Singapore”), 90.1% of the capital stock of Narayan Powertech Private Limited (“Narayan”), a privately-held India-based company, pursuant to a Securities Purchase Agreement (the “Narayan Purchase Agreement”) (collectively the “Amran/Narayan Group”). With manufacturing locations in the United States and India, Amran/Narayan Group is a leading manufacturer of low voltage and medium voltage instrument transformers. Its custom product portfolio is specifically designed and developed in partnership with OEMs for their specific equipment related to electrical grid applications. This acquisition continues our portfolio strategy of focusing our higher-margin business segments in faster-growing markets. Amran/Narayan Group results are reported within the Company's Electronics segment.
    
   Total consideration for Amran aggregated $179.7 million consisting of $153.7 million in cash consideration and 152,299 shares of Standex common stock, issued out of the