THEON acquires a 9.8% stake in Exosens

THEON strengthens its presumption successful the accumulation of Image Intensification Tubes for defence and information by acquiring a 9.8% stake successful Exosens SA (EXOSENS) for a currency information of 268.7 cardinal euros, corresponding to 54.0 euros per share.

For this purpose, THEON has reached a definitive statement with the concern companies HLD Europe SCA, Invest Prince Henri SCA and Invest Gamma Sarl, which beryllium to Groupe HLD (HLD).

This specific concern determination took spot 1 year aft the signing of a semipermanent commercialized statement betwixt THEON and EXOSENS. As THEON pointed out, this was indispensable not lone to unafraid its supply, but besides to further trim the transportation times of caller orders.

This is 1 of THEON’s astir important competitory advantages successful the Night Vision market. As the largest purchaser of lamps worldwide, THEON maintains a starring marketplace share, particularly among European lamp manufacturers.

According to the company, currently, the planetary supply and request for Light Intensifier Lamps is successful a delicate balance, fixed the comparatively constricted accumulation availability worldwide. Light Intensifier Lamps are a captious constituent of nighttime vision instruments, constituting a important portion of their cost. EXOSENS is simply a high-tech institution focused connected the accumulation of Image Intensification Tubes for defence and security.

As Christian Hadjiminas, Founder and CEO of THEON, emphasized aft the acquisition of the stake successful Exosnes, “THEON and EXOSENS person been adjacent commercialized partners for years, having undertaken important projects successful Europe and the Middle East. THEON remains committed to maintaining its semipermanent commercialized practice with EXOSENS, which continues to beryllium governed by the existing contractual agreements.”

Upon the completion of the transaction, THEON will go the 2nd largest shareholder of EXOSENS, aft Groupe HLD.