Theon International (THEON) Company Presentation summary

Company overview

• Leading developer and manufacturer of customizable night vision and thermal imaging systems, with over 27 years of expertise and a global customer base in 70 countries, including 24 NATO states.

• Listed on Euronext Amsterdam, recognized among Europe's fastest-growing companies in 2024.

• Products are fully customized, technologically advanced, and supported by a highly skilled workforce of around 600 employees.

• Business model is vertically integrated, covering design, production, and business development, ensuring high quality and cost efficiency.

• Asset-light model with low capex requirements and high cash distribution.

Track record and growth

• Established in 1997, expanded internationally with key contracts and subsidiaries in the US and Germany.

• Major milestones include winning large tenders in Europe, US Marine Corps contracts, and the acquisition of Harder Digital in 2024.

• Ongoing organic and inorganic growth, with recent acquisitions and new facilities in Denmark and South Korea.

• Strategic partnerships and long-term supply agreements strengthen the supply chain.

• Focus on expanding product portfolio and entering new markets, especially in the USA, Middle East, and Far East.

Product portfolio

• Offers a full suite of night vision and thermal imaging products, including goggles, weapon sights, monoculars, binoculars, and clip-ons.

• Recently launched the A.R.M.E.D. ecosystem, featuring augmented reality, fused night vision/thermal devices, and battle management system integration.

• Expanding platform-based products for surveillance, vehicle driver viewers, and periscopes.

• Custom solutions tailored to soldier and platform needs.