Industrial Controls, Inc. acquisition of Electro Sensors Inc

Industrial Controls, Inc. completed its acquisition of Electro Sensors Inc on 2026-07-30, according to the Form 8-K Electro Sensors Inc filed with the SEC on 2026-07-31. The filing's Item 2.01 states no aggregate dollar price. Electro Sensors Inc filed the report because the deal made it part of Industrial Controls, Inc..

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What the filing says

On July 30, 2026, pursuant to the Merger Agreement, Merger Sub merged with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly owned subsidiary of Parent.

More from the filing

This Current Report on Form 8-K is being filed in connection with the completion of the previously announced Merger (as defined below) pursuant to the Agreement and Plan of Merger, dated as of April 20, 2026 (the "Merger Agreement"), by and among Electro-Sensors, Inc., a Minnesota corporation (the "Company"), steute Industrial Controls, Inc., a Connecticut corporation ("Parent"), and Steute Burwell, Inc., a Minnesota corporation and a wholly owned subsidiary of Parent ("Merger Sub").

Pursuant to the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each share of the common stock of the Company, par value $0.10 per share ("Common Stock"), that was issued and outstanding immediately prior to the Effective Time (each, a "Share", and collectively, the "Shares"), subject to certain customary exceptions specified in the Merger Agreement, was automatically converted into the right to receive $7.75 in cash (before giving effect to any required tax withholdings and without interest) (the "Merger Consideration").

Pursuant to the Merger Agreement, at the Effective Time, each compensatory option to purchase shares of Company Common Stock ("Company Option"), outstanding as of immediately prior to the Effective Time became fully vested and became, automatically and without any required action on the part of the holder thereof, canceled and became entitled to receive an amount of cash, without interest, equal to $7.75 per share less the exercise price applicable to such vested Company Option subject to any required withholding of taxes.

Quoted from Electro Sensors Inc's Form 8-K.

This is the only completed acquisition Industrial Controls, Inc. reported under Item 2.01 in the last twelve months, as far as the filings of the companies it bought show.

Where this comes from

A public company must file a current report on Form 8-K with the SEC within four business days of completing a significant acquisition or disposition of assets, under Item 2.01 of the report. The acquired company sometimes files one too, when the deal makes it a subsidiary of the buyer.

Every fact on this page is taken from one of those filings and linked to it: which company acquired which, the date the filing gives for completion, and the price when the filing states one in dollars, shown next to the sentence that states it. A filing states what was bought and on what terms; it rarely states why, and neither does this page.

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