Data I/O Corporation announced on October 21, 2026, that it has completed its acquisition of V-TEK, Inc. and A&J Programming, Inc. The transaction involved a total consideration of approximately $23 million.
Transaction Details and Terms
Data I/O stated that the total consideration for the acquisition was approximately $23 million. The amount was paid in a combination of $20 million in cash and $3 million in Data I/O common stock.
A portion of the cash consideration was funded from the closing of a private placement announced on October 19, 2026. Following the transaction, V-TEK will operate as a subsidiary of Data I/O.
Market Expansion and Leadership
William Wentworth, President and CEO of Data I/O Corporation, stated that the acquisition is anticipated to double consolidated revenue and diversify revenue streams away from cyclical capital equipment markets. The company reported that the deal expands its reach into sectors including data center, AI, photonics, industrial automation, medical, military, aerospace, and defense.
Mitch Jacobs, formerly President of V-TEK, Inc., assumed the role of Senior Vice President at Data I/O Corporation following the acquisition. Advisors for the transaction included StoneX Financial Inc. and Dorsey & Whitney LLP for Data I/O, alongside Sperry Mitchell & Company and Blank Rome LLP for V-TEK.
Key facts and where they come from
- Data I/O completed its acquisition of V-TEK, Inc. and A&J Programming, Inc.
completed its previously announced transformational acquisition of V-TEK, Inc. and A&J Programming, Inc.
- Total consideration for the transaction was approximately $23 million.
Total consideration was approximately $23 million, paid in a combination of $20 million in cash and $3 million in Data I/O common stock.
- V-TEK will operate as a subsidiary of Data I/O.
Following the acquisition, V-TEK will operate as a subsidiary of Data I/O.