SALEM, N.H.--(BUSINESS WIRE)--Standex International Corporation (NYSE:SXI) confirms that it has closed on its previously announced acquisition of OKI Sensor Device Corporation. As part of Standex, OKI Sensor Device Corporation, which enhances the Company’s access to important Asian markets, will now be named Standex Electronics Japan Ltd. Standex continues to expect the acquisition to be accretive to earnings per share by $0.08-$0.11 in fiscal 2017 and $0.40-$0.44 in fiscal 2018, net of purchase accounting and acquisition costs.

“Completing the acquisition of OKI Sensor Device Corporation is an important milestone in our strategic plan to expand the capabilities of our Electronics Group and its presence in Asia,” said Standex Chairman and CEO David Dunbar. “We already are executing on our integration plan and look forward to providing customers with a world-class suite of reed switches and related sensor solutions.”

About Standex

Standex International Corporation is a multi-industry manufacturer in five broad business segments: Food Service Equipment, Engineering Technologies, Engraving, Electronics, and Hydraulics with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil, Argentina, Turkey, South Africa, India and China. For additional information, visit the Company's website at http://standex.com/.