DAIO•Data I/O acquired V-TEK, including Royce Instruments and A&J Programming, for $23 million: $20 million in cash and $3 million in shares, paid at closing. The acquisition is expected to double revenue and be immediately accretive.
Data I/O acquired V-TEK, including Royce Instruments and A&J Programming, for $23 million. The consideration comprised $20 million in cash and $3 million in shares, all paid at closing.
Funding included $22.25 million raised through two private placements in fiscal 2026 and a $7.5 million credit line from Western Alliance Bank. Data I/O expects the acquisition to double revenue, be immediately accretive and expand programming services. It is targeting action on half of identified cost synergies by the end of 2026, including manufacturing efficiencies and personnel realignment.
