M&A Deal Announcement | Tentt Deal Tracker

Data I/O Corporation has agreed to acquire a semiconductor handling and packaging manufacturer, an enterprise software business in Washington, for $23 million. The target provides solutions used in semiconductor processing and assembly, expanding Data I/O’s platform acquisition beyond flash memory and microcontrollers into broader semiconductor manufacturing workflows. Data I/O, a technology provider of data provisioning solutions for flash memory, microcontrollers, and security ICs, seeks programming and at-test capabilities to support EMS providers and OEMs in Redmond, WA. The strategic acquisition is structured as a platform deal with strategic buyer intent, expected to be accretive to earnings and cash flow, and includes consideration up to 15% paid in Data I/O stock. The transaction is announced as an LOI with a $10M–$25M deal size range and aims to diversify revenue beyond automotive electronics.