Electro-Sensors

steute Technologies, a portfolio company of Battery Ventures, completed the acquisition of Electro-Sensors, a U.S.-based leader in industrial safety and machine monitoring, expanding its North American capabilities.

steute Technologies GmbH & Co. KG will acquire Electro-Sensors, Inc. for $7.75 per share in cash, valuing the deal at a premium of approximately 75%. Electro-Sensors will become a wholly owned subsidiary of steute.