Data I/O Acquires V-TEK and A&J Programming for $23 Million
Data I/O (DAIO) announced the acquisition of two companies, V-TEK and A&J Programming, in a deal valued at approximately $23 million. The transaction includes about $3 million worth of Data I/O common stock, equivalent to roughly 1.12 million shares. The acquisitions are expected to expand Data I/O's capabilities in the programming solutions market by integrating V-TEK and A&J Programming’s technologies and customer bases into its portfolio. This move aligns with Data I/O's strategy of growing through strategic mergers and acquisitions, enhancing service offerings for clients across various industries. The deal is a significant step forward for Data I/O as it continues to strengthen its market position in the semiconductor programming sector.
Tickers: $DAIO
Topics: acquisition M&A
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Part of the story DATA I/O CORP - 8-K Filing (4 articles)