{"id":75145,"date":"2026-05-04T19:15:10","date_gmt":"2026-05-04T19:15:10","guid":{"rendered":"https:\/\/ciaoup.it\/?p=75145"},"modified":"2026-05-04T19:15:10","modified_gmt":"2026-05-04T19:15:10","slug":"theon-enters-into-binding-terms-exclusivity-agreement-for-the-acquisition-of-merio","status":"publish","type":"post","link":"https:\/\/ciaoup.it\/?p=75145","title":{"rendered":"THEON enters into binding terms\/ exclusivity agreement for the acquisition of MERIO"},"content":{"rendered":"

COMUNICATO STAMPA – CONTENUTO PROMOZIONALE<\/p>\n

PRESS RELEASE\u00a0<\/p>\n

Bloomberg (THEON:NA) \/ Reuters (THEON.AS)\u00a0<\/p>\n

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4 May 2026 \u2013\u00a0Theon International Plc\u00a0(THEON)\u00a0is pleased to announce that it has agreed on binding terms, having entered into an exclusivity agreement with the sole shareholder of Merio SAS (MERIO), RPL D\u00e9veloppement, to acquire upfront an 80% stake of MERIO. The conclusion of the transaction is subject to consummation of long-form documentation and customary closing conditions, including regulatory approvals. The transaction will be financed through a combination of debt and internally generated cash.\u00a0<\/p>\n

Foreseen Deal Structure\u00a0<\/p>\n

THEON to acquire 80% of MERIO at an accretive EBIT multiple. MERIO is expected to generate above \u20ac15 million in revenues in FY 2026 and a projected EBIT of above \u20ac3.5 million. The management team and key employees will remain in the business.\u00a0<\/p>\n

Company Profile\u00a0<\/p>\n

MERIO is a French designer and manufacturer of compact, high\u2011performance gyrostabilized gimbal and turret systems for aerial, ground, infrastructure protection and emerging maritime applications (from loitering munitions and UAVs to C\u2011UAS systems and UGVs), with embedded AI\u2011driven video\u2011processing capabilities. Founded in 2014 and headquartered in Saint\u2011Paul\u2011Trois\u2011Ch\u00e2teaux, the company has a fast\u2011growing team of around 40 highly skilled engineers and a strong technological edge across hardware, electronics, mechanics, and software integration.\u00a0<\/p>\n

With ITAR\u2011free technologies, a predominantly French and European supply chain, and comprehensive after-sales support capabilities, MERIO provides reliable, rapidly deployable solutions that complement and enhance THEON\u2019s broader product offering.\u00a0<\/p>\n

Investment Rationale\u00a0<\/p>\n

Christian Hadjiminas, Founder and CEO of THEON, commented: \u201cWe are pleased to announce THEON\u2019s next expansion step into the platform\u2011based segment, involving a company that shares our DNA: an asset\u2011light business model, full\u2011customization capabilities, high profitability margins, and a strong entrepreneurial spirit. This transaction would accelerate the diversification of our revenues as we progress toward our \u20ac1\u202fbillion revenue target by 2029. At the same time, it marks our interest and commitment to France, one of the largest defense markets in Europe, with our aim being to establish THEON as a key French export player. In parallel, it drives our technological ability to increase our footprint in various related sectors in el-opt platforms. MERIO will be run by exactly the same management team and the same founder and co-owner as all our other investments. Theon\u2019s contribution will be focusing on increasing MERIO\u2019s exports similarly to what is being already achieved at Kappa and Harder Digital and coordinating R&D efforts between the two companies.\u201d\u00a0<\/p>\n

Dimitrios Mandridis, CTO of THEON, stated: \u201cThe integration of MERIO into the THEON Group of companies will significantly enhance our ability to address requirements in electro-optics for light aerial platforms. MERIO\u2019s stabilized gimbals effectively expand THEON\u2019s portfolio, which traditionally focuses on larger or land-based electro-optical systems. Additionally, the group can support MERIO with components that offer cost efficiencies and secure supply chains.\u201d\u00a0<\/p>\n

R\u00e9mi Plenet, President and CTO of MERIO, commented: \u201cWe are excited to become part of THEON and to join their growth story. We anticipate strong expansion of our exports, supported by their superior business-development capabilities and global industrial footprint. By bringing our two R&D departments closer together, we expect to accelerate the development of new products. We also look forward to internalizing critical components sourcing, strengthening our supply chain and technological edge.\u201d\u00a0<\/p>\n

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Milvus 7 micro-gimbal for UAVs\u00a0<\/p>\n

\u00a0<\/p>\n

ORX 25 land gimbal\u00a0<\/p>\n

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Vision.AI \u2013 Family of embedded intelligence\u00a0<\/p>\n

Upcoming Q1 2026 Trading Update\u00a0<\/p>\n

THEON will publish its Q1 20256 Trading Update on 5 May 2026, after market close.\u00a0<\/p>\n

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For inquiries, please contact:\u00a0<\/p>\n

About THEON GROUP\u00a0<\/p>\n

THEON GROUP of companies develops and manufactures cutting-edge night vision and thermal imaging systems for Defense and Security applications with a global footprint. THEON GROUP started its operations in 1997 from Greece and today occupies a leading role in the sector thanks to its international presence through subsidiaries and production facilities in Greece, Cyprus, Germany, the Baltics, the United States, the Gulf States, Switzerland, Denmark, Belgium, Singapore and South Korea. THEON GROUP has more than 270,000 systems in service with Armed and Special Forces in 72 countries around the world, 26 of which are NATO countries. \u03a4\u0397\u0395\u039f\u039d \u0399\u039d\u03a4\u0395RNATIONAL PLC has been listed on Euronext Amsterdam (AMS: THEON) since February 2024.www.theon.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n

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COMUNICATO STAMPA – CONTENUTO PROMOZIONALE: Immediapress è un servizio di diffusione di comunicati stampa in testo originale redatto direttamente dall’ente che lo emette. L’Adnkronos e Immediapress non sono responsabili per i contenuti dei comunicati trasmessi<\/p>\n

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immediapress\/globenewswire<\/p><\/p>\n

\n\t\t<\/a>\n\t\t<\/div>","protected":false},"excerpt":{"rendered":"

COMUNICATO STAMPA – CONTENUTO PROMOZIONALE PRESS RELEASE\u00a0 Bloomberg (THEON:NA) \/ Reuters (THEON.AS)\u00a0 \u00a0 4 May…<\/p>\n","protected":false},"author":3,"featured_media":75146,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[23],"class_list":["post-75145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-comunicati","tag-immediapress"],"_links":{"self":[{"href":"https:\/\/ciaoup.it\/index.php?rest_route=\/wp\/v2\/posts\/75145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ciaoup.it\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ciaoup.it\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ciaoup.it\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ciaoup.it\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75145"}],"version-history":[{"count":1,"href":"https:\/\/ciaoup.it\/index.php?rest_route=\/wp\/v2\/posts\/75145\/revisions"}],"predecessor-version":[{"id":75165,"href":"https:\/\/ciaoup.it\/index.php?rest_route=\/wp\/v2\/posts\/75145\/revisions\/75165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ciaoup.it\/index.php?rest_route=\/wp\/v2\/media\/75146"}],"wp:attachment":[{"href":"https:\/\/ciaoup.it\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ciaoup.it\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ciaoup.it\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}