THEON moves to completes MERIO acquisition following receipt of required approvals; new orders already awarded

Skip to Content News Archives Economy Defence Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Defence Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Defence Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeGlobeNewswireThis section is The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire THEON moves to completes MERIO acquisition following receipt of required approvals; new orders already awardedAuthor of the article:THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountBloomberg (THEON:NA) / Reuters (THEON.AS)29 October 2026 – Theon International Plc (THEON) is pleased to announce that it has received all required approvals and finalized all preparatory steps for the completion of the acquisition of an 80% stake in MERIO, which is now underway.The cooperation between THEON and MERIO had already commenced, reflecting THEON’s approach of moving quickly to capture synergies from its acquisitions, particularly through the Group’s international business development network. Following our usual integration process, the MERIO management team and key employees will remain in the business, supporting commercial and industrial cooperation between THEON and MERIO.This advertisement has not loaded yet, but your article continues below.Pleasingly, these integration preparation efforts have already translated into the receipt THEON already receiving of an order for c.€5 million for MERIO’s solutions for unmanned aerial vehicle applications. This order represents approximately one-third of its projected 2026 revenues, providing from Day One an early and tangible indication of the potential synergies that can be generated from yet another acquisition. This approach is consistent with THEON’s acquisition of KAPPA, where THEON’s expansive Business Development network contributed to the securing of new orders almost equivalent to KAPPA’s prior-year revenues within five months of completion.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThese early results demonstrate THEON’s broader acquisition model – combining specialised technologies and entrepreneurial businesses with the Group’s international customer access and commercial capabilities to accelerate growth and create additional value. THEON will now fully integrate MERIO’s Business Development, production and operational activities into the Group, building on the work already undertaken and expanding cooperation across THEON’s growing European footprint.This advertisement has not loaded yet, but your article continues below.Philippe Mennicken, Deputy CEO & Chief Business Development Officer of THEON, commented: “The THEON and MERIO teams have been prpearing closely and entrepreneurially together to identify Business Development and R&D synergies and this first order is an encouraging early. Our international Business Development teams will bring MERIO into opportunities and customer discussions that were previously outside their active pipeline, and have already commenced discussions across different markets. Together with our gimbals JV partner Safran, with whom we are diligently preparing the final JV structure, we see significant potential to accelerate MERIO’s commercial development and scale the business further.”Christian Hadjiminas, Founder and CEO of THEON, commented: “THEON’s M&A strategy is not simply about adding technologies to the Group, it is about creating value by combining entrepreneurial, technology-driven companies with THEON’s established international customer relationships, business development capabilities and industrial footprint. This first MERIO order, generated from Day One with the support of THEON, is an early example of this strategy translating into tangible commercial results. As we have consistently communicated, THEON intends to play an active role in the further integration of the European defence industry. With our industrial and technological activities spanning mainly in Greece, Germany and France, we are increasingly bringing our teams together to address opportunities as one Group. Subject to completion of the HGH acquisition, we expect this platform to broaden further, strengthening our ability to offer increasingly integrated electro-optic solutions to customers internationally.”This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.THEON will publish its Q3 2026 Trading Update on 9 November 2026, after market close.For inquiries, please contact:Investor RelationsNikos MalesiotisE-Mail: ir@theon.comTel: +30 210 6772290Media ContactElli MichouE-Mail: press@theon.comTel: +30 210 6728610THEON 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 280,000 systems in service with Armed and Special Forces in 72 countries around the world, 26 of which are NATO countries. ΤΗΕΟΝ ΙΝΤΕRNATIONAL PLC has been listed on Euronext Amsterdam (AMS: THEON) since February 2024.www.theon.comThis advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.