Data I/O Signs Definitive Agreement to Acquire V-TEK and A&J Programming

▤ Summary

Data I/O signed a definitive agreement to acquire V-TEK and A&J Programming for about $23 million in cash and stock. V-TEK makes semiconductor handling and packaging solutions, while A&J Programming provides device programming services. Data I/O plans to fund the deal with cash on hand, company stock, and proceeds from a proposed securities offering. The company expects the transaction to close this week, subject to customary closing conditions.

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Data I/O Corporation

$10M to $25M