Theon International completed the acquisition of a 10% minority stake in Andres Industries for a €1.1m share capital increase.

Theon International, a Defense and Security applications manufacturing company acquired 10% strategic equity stake in Andres Industries, defense and space manufacturing company through a €1.1m share capital increase. The minority acquisition is part of THEON’s strategy to expand its presence in Germany, to enhance its digital/thermal capabilities and also aligns with the European Defense Industry Integration (EDII) which is actively pursued by all European Union members’ leadership. ANDRES' facilities are visioned to strengthen and provide support in THEON's operations in Germany.