THEON Acquires 80% Stake in Merio SAS to Expand in Drones Market
THEON International Plc has entered into a binding exclusivity agreement to acquire an 80% stake in Merio SAS, aiming for strategic growth in the drones sector. This acquisition supports THEON's goal to diversify its revenue streams and establish a stronger presence in the European defense market.
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THEON International Plc has signed an exclusivity agreement with RPL Développement to acquire 80% of Merio SAS, pending regulatory approvals and documentation completion. The deal, expected to close soon, is financed through debt and internal cash, with Merio anticipated to generate over €15 million in revenue and €3.5 million in EBIT for FY 2026.
The acquisition will enhance THEON's product portfolio, particularly in electro-optics for aerial platforms, while also leveraging cost and revenue synergies. The existing management team at Merio will remain in place, facilitating continuity and operational stability. This strategic move is projected to accelerate THEON's revenue diversification and solidify its position in the French defense market, a key focus for its future growth.
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