PRESS RELEASE
Bloomberg (THEON:NA) / Reuters (THEON.AS)
4 July 2025 – Theon International Plc (THEON), a leading global manufacturer of night vision and thermal imaging systems, today announces a significant acceleration of its strategic footprint in the Baltic defense market through a renewed collaboration in Estonia and a pivotal investment in Latvia. These moves underscore THEON’s commitment to enhancing European defense resilience and strategic autonomy.
Firstly, THEON proudly announces the continuation of its collaboration with the Estonian Center for Defense Investment (ECDI) of the Ministry of Defense. THEON and ECDI signed a new agreement for supplying advanced night vision systems to the Estonian Defense Forces (part of orders that have already been announced), reinforcing a vital partnership in the region.
Secondly, in a landmark move to bolster its European production capabilities and presence in the region (in alignment with mid-term Capex guidance), THEON launched a strategic investment in “Baltic Photonics”, the Riga-located Latvian subsidiary of “Harder Digital”. This investment marks the first phase in establishing a state-of-the-art manufacturing facility focused on the production of critical …