AcquisitionsOct 22, 2026, 04:01 PM
Data I/O Acquires V-TEK for $23M, Anticipates Doubling Revenue
AI Summary
Data I/O Corporation announced the completion of its acquisition of V-TEK, Inc. and A&J Programming, Inc. for a total consideration of $23 million, comprising $20 million in cash and $3 million in Data I/O common stock. This strategic acquisition is expected to double the company's revenue, diversify its revenue streams, and expand its presence into new markets such as data center, AI, and industrial automation. V-TEK will operate as a subsidiary of Data I/O. Additionally, Data I/O filed a Certificate of Designation to create Preferred Stock.
Key Highlights
- Data I/O Corp completed the acquisition of V-TEK, Inc. and A&J Programming, Inc. for $23 million.
- The acquisition price consisted of $20 million in cash and $3 million in Data I/O common stock.
- The acquisition is anticipated to double Data I/O's revenue and expand its market reach.
- V-TEK will operate as a subsidiary of Data I/O Corporation.
- Data I/O filed a Certificate of Designation to create Preferred Stock on October 19, 2026.
Price Impact
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