Electro-Sensors Acquired by Steute Industrial Controls | Manufacturing M&A Deal

Steute Industrial Controls has acquired Electro-Sensors, a industrial equipment business in Minnesota, for $7.75. Electro-Sensors designs and supplies industrial sensing solutions used in manufacturing applications, supporting industrial equipment performance and automation. Steute Industrial Controls acquisitions expand its industrial controls and sensing capabilities through an Electro-Sensors acquisition in Minnetonka, MN. The merger acquisition is an announced strategic acquisition by a strategic buyer, converting Electro-Sensors common stock (par value $0.10) into $7.75 per share in cash, subject to tax withholdings. A special committee of independent directors evaluated the terms and negotiated the merger agreement dated April 20, 2026, with a virtual special meeting expected in 2026.