Data I/O Announces Transformational Acquisition

About this update from Data I/o Corporation

Deal Provides Greater Scale, Strategic Shift Toward Higher Value Service-based Revenues, and Critical IP to Further Strengthen The NEW Data I/O REDMOND, Wash., May 14, 2026 (GLOBE NEWSWIRE) -- Data I/O Corporation (NASDAQ: DAIO) (the “Company”), the leading global provider of data provisioning solutions for flash memory, microcontrollers and security ICs, today announced the execution of a letter of intent (LOI) to acquire a leading manufacturer of semiconductor handling and packaging solutions. Upon closing of the transaction, the acquisition is expected to nearly double the annual revenues of Data I/O as well as be accretive to earnings and cash flow. “We are incredibly excited to announce this strategic transaction which will broaden Data I/O’s suite of products and services and position the combined company to address a larger, more diverse set of customers, including semiconductor companies, EMS provides and OEMs,” said William Wentworth, President and CEO of Data I/O Corporation. “We look forward to working diligently to complete this transaction, which fits perfectly into our previously announced strategy of expanding the Data I/O’s platform to include services, programming, and at test.” Mr. Wentworth added, “This acquisition makes strategic and financial sense, delivering value for customers and stakeholders alike. To this end, the current owners of the business being acquired will receive up to 15% of the consideration in Data I/O stock, demonstrating confidence in the combined business strategy. Importantly, the acquisition significantly adds to our arsenal of programming technology and services, and provides strong diversification of our revenue beyond automotive electronics. This acquisition accelerates our entry into on-site Programming-as-a-Service (PaaS), which is the cornerstone of The NEW Data I/O announced last month.” Data I/O expects to fund this acquisition with a combination of cash and equity for total consideration of approximately $23 million. The equity component will consist of up to $3 million of the Company’s common stock based on future performance of the acquired business. The closing of the transaction, expected before the end of the Company’s third quarter, is subject to completion of definitive documentation as well as customary closing and financing conditions, regulatory approvals and additional due diligence. Addition...

View stock analysis, news, and events for Data I/o Corporation