AcquisitionsMay 14, 2026, 04:12 PM
Data I/O to Acquire Manufacturer; Expected to Double Revenue
AI Summary
Data I/O Corporation announced the execution of a letter of intent to acquire a leading manufacturer of semiconductor handling and packaging solutions. This strategic acquisition is expected to nearly double Data I/O's annual revenues and be accretive to earnings and cash flow. The total consideration is approximately $23 million, funded by a combination of cash and equity, with up to $3 million in Data I/O stock based on future performance. The deal is anticipated to close before the end of the third quarter, broadening Data I/O's product suite and diversifying its revenue streams.
Key Highlights
- Data I/O signed an LOI to acquire a leading semiconductor handling and packaging solutions manufacturer.
- The acquisition is expected to nearly double Data I/O's annual revenues.
- Total consideration for the acquisition is approximately $23 million.
- Up to $3 million of the consideration will be in Data I/O common stock.
- The acquisition is expected to be accretive to earnings and cash flow.
- It aims to diversify revenue beyond automotive electronics and accelerate PaaS entry.
- The transaction is expected to close before the end of the company's third quarter.