PRESS RELEASE
Bloomberg (THEON:NA) / Reuters (THEON.AS)
14 January 2026 – Theon International Plc (THEON) is providing an overview of notable corporate updates recorded in January 2026 to-date.
Acceleration in Harder Digital
As a result of the increasing global demand for Image Intensifier Tubes (IIT), which is outstripping current supply, THEON is accelerating its investment in Harder Digital to further boost capacity, more than initially envisaged and improve faster its main quality metric, FOM, as well as expedite other improvements to the existing product. This is expected to increase the forecasted profitability of Harder Digital from 2027 onwards. Furthermore, THEON will continue being the largest buyer of European tubes, including the new 5G variation, of which THEON was the first buyer by volume as well.
Panagiotis Schinas, THEON’s COO of Global Industrial Operations stated: “We proceed with further investment supporting Harder Digital’s capacity expansion which comes as a direct response to the surge in demand for tubes and the currently limited global capacity. THEON, along with other customers of Harder Digital, appreciates not only the ongoing improvements in both the quantity and quality of tubes but also the access to a different IIT technology. We expect Harder Digital to account for 8-10% of THEON’s target of €1 bn revenues by 2029-2030.”
Closing of KAPPA
On 14 January 2026, THEON completed the acquisition of 100% of Kappa Optronics …