Redmond, Washington-based Data I/O Corp has established a wholly-owned subsidiary in the UK to distribute its products through its own sales force, and has signed a letter of understanding to acquire the equity interest of its 50% joint venture partner in its distribution company in Germany with effect from September 1: the two transactions entail […]
Redmond, Washington-based Data I/O Corp has established a wholly-owned subsidiary in the UK to distribute its products through its own sales force, and has signed a letter of understanding to acquire the equity interest of its 50% joint venture partner in its distribution company in Germany with effect from September 1: the two transactions entail an aggregate investment of some $2m, and it is entering into a five-year lease commitment totalling about $600,000 for a new office in Redding, England – at least that’s what it says, although presumably it means Reading, Berkshire.
