THEON receives first order for multi-sensor gimbals from a European Defense Prime, and announces acquisition of 30% of ShockEOS with an option to reach majority shareholding

Core Insights - Theon International Plc has announced a €10 million investment for developing new platform-based products, resulting in an initial order for a stabilized multi-sensor platform optronics system from a European Defense Prime [2][3] - The order was received earlier than expected, with initial orders anticipated towards the end of 2026, showcasing the effectiveness of Theon's R&D investments and collaboration with Shock EOS Systems Ltd [3][4] - Theon is acquiring a 30% stake in ShockEOS to further accelerate its entry into the stabilized multi-sensor platform segment, with an option to increase to a majority stake within 24 months [4] Company Developments - Theon has expanded its R&D team over the past 18 months and collaborated closely with ShockEOS, which has over 15 years of experience in electro-optic engineering [3][4] - The initial order is seen as a significant milestone in Theon's strategic initiative to broaden its product portfolio and increase its total addressable market, particularly in the platform optronics segment [5] - Theon has a global presence with over 220,000 systems in service across 71 countries, including 26 NATO countries, and has been listed on Euronext Amsterdam since February 2024 [7]