Defense firm Theon, valued over €2.2B, targets diversification after Amsterdam debut
1 report, 1 independent
Updated Oct 19
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What happened
Theon, a defense sector company, debuted on the Amsterdam stock exchange in 2024 and was recently featured at an Euronext event in Milan. The company, which is valued at more than €2.2 billion, is preparing to complete its third consecutive acquisition within a 12-month period.
From naftemporiki.gr
Why it matters
Theon has delivered cumulative returns of over 184% since its debut. The company plans to use these acquisitions to diversify its business portfolio and reduce its exposure to night vision, which currently accounts for 95% of its revenue, aiming for 50% by 2030.
Euronext operates trading platforms in multiple European cities, including Amsterdam and Milan.
From naftemporiki.gr