Amid growing demand for augmented vision systems among European land forces, Greek group Theon International Plc announced on 29 July 2025 two major industrial initiatives: the establishment of a subsidiary in Belgium, including a production facility in Zaventem and a liaison office in Brussels, and the acquisition of a 10 percent stake in German company Andres Industries AG. These developments appear to reflect a broader strategic direction, possibly tied to an expected contract award for a consortium of both companies for the IRIS thermal imaging system for the German and Belgian Armed Forces as recently reported by other media. Read more.
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| The new entity, Theon Belgium, is a wholly owned subsidiary of the group and aims to support the commercial growth of the A.R.M.E.D. product line, while reinforcing an industrial footprint close to European institutions and NATO programs. (Picture source: Theon Sensors) |