Data I/O Completes $23 Million Acquisition and Raises $13.25 Million
Data I/O completed its acquisition of V-Tek and A&J Programming for $23 million in cash and company shares, and closed a private placement of approximately $13.25 million in common stock and convertible securities. The acquisition is anticipated to double revenue.
Data I/O has completed its acquisition of V-Tek and A&J Programming for $23.0 million, paid in cash and company shares. The acquisition is expected to double revenue. In connection with the transaction, Data I/O completed a private placement of approximately $13.25 million in common stock and convertible…