SynQor, which makes power converters for the military, industrial, avionics, rail transportation, medical, and telecom markets, told state officials they expect the move will occur between Feb. 1 and April 1, 2026. All positions and jobs at the company's Boxborough headquarters will be transferred to the new facility in Salem, New Hampshire, during the same timeframe, SynQor general counsel John Cancellara wrote in a Nov. 21 letter to the Executive Office of Labor and Workforce Development.
"The Company is working diligently to restore the affected systems," the manufacturer said in a Form 8-K filed with the US Securities and Exchange Commission yesterday. The ransomware attack "temporarily impacted the Company's operations, including internal/external communications, shipping, receiving, manufacturing production, and various other support functions," it continued. Data I/O also claims that, while it has restored some of its functions, others remain offline, with no timetable for a fix. An investigation is ongoing.