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Electro-Sensors, Inc. to be Acquired by steute Technologies

Minnetonka, MN – April 21, 2026: 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.

Electro-Sensors, Inc. to be Acquired by steute Technologies

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