Electro-Sensors, Inc. (NASDAQ:ELSE), a leader in industrial monitoring systems, and steute Technologies GmbH & Co. KG., a portfolio company of investment firm Battery Ventures, announced today that they have entered into a Definitive Agreement and Plan of Merger, pursuant to which steute Technologies will acquire Electro-Sensors. 

Under the terms of the merger agreement, shareholders of Electro-Sensors will receive $7.75 in cash per share of common stock, which represents a premium of approximately 75% to the closing price of Electro-Sensors common stock on April 20, 2026, the last trading day prior to this announcement.