Data I/O Agrees to Acquire V-TEK and A&J Programming

REDMOND, Wash., Oct. 19, 2026 /CourierPR/ -- Data I/O Corporation, the leading global provider of data programming and security provisioning solutions for microcontrollers, security ICs, and memory devices, has signed a definitive agreement to acquire V-TEK, Inc., a leading manufacturer of semiconductor handling and packaging solutions based in Mankato, Minnesota, and A&J Programming, Inc., a device programming service provider in San Jose, California.

The total purchase price for the acquisitions is approximately $23 million, paid in a combination of cash and Data I/O common stock. According to the terms, the company will contribute approximately $3 million in Data I/O common stock, equivalent to about 1.12 million shares, toward the acquisition. The remaining funds will be sourced from the company's cash on hand and the proceeds of a recently announced proposed $13.25 million securities offering.

The acquisitions are expected to close this week, subject to customary closing conditions. Data I/O intends to use the securities and other funding transactions, which are not registered under the Securities Act of 1933, as amended ("Securities Act"), to satisfy the acquisition purchase price. The company cautions that these transactions may not be offered or sold absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state or other jurisdictions' securities laws.

Since 1972, Data I/O has been at the forefront of developing innovative solutions to enable the design and manufacture of electronic products for various industries, including automotive, Internet-of-Things, medical, wireless, consumer electronics, industrial controls, and other electronics devices. The company's customers use its data programming solutions and security deployment platform to secure the global electronics supply chain and protect IoT device intellectual property from inception to deployment.

The acquisitions of V-TEK and A&J Programming are expected to bolster Data I/O's capabilities in semiconductor handling and device programming services, enhancing its position in the market. The company will continue to monitor its operations and finances, including uncertainties related to the timing of product deliveries, market acceptance of Edge AI, shipping availability, installations, and acceptance, as well as the impact from geopolitical conditions, including any related international trade restrictions, and cybersecurity incidents.