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[BUSINESS] · Greece · 6 sources

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Theon International completes 80% acquisition of Merio

Theon International Plc (THEON) has announced the completion of all preparatory steps and received all necessary approvals to finalize its acquisition of an 80% stake in Merio.

As part of the integration process, Merio’s management team and key employees will remain with the company to support commercial and industrial cooperation. Theon intends to leverage its international business development network to accelerate growth and realize synergies from the acquisition.

Pre-integration efforts have already resulted in a new order worth approximately €5 million for Merio solutions intended for unmanned aerial vehicle (UAV) applications. This order represents roughly one-third of Merio’s projected revenue for 2026.

Entities

Merio · Theon International plc

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