Theon International Obtains Approvals for Merio Acquisition

05:42 AM EDT, 10/29/2026 (MT Newswires) -- Theon International (THEON.AS) secured all necessary approvals and completed plans to acquire an 80% stake in French defense and engineering company Merio. Merio will keep its existing management and workforce while integrating its business development, production, and operational activities into the Greek defense technology company, according to a Thursday release. Subsequently, Theon won a 5 million-euro order for Merio's unmanned aerial vehicle applications, representing approximately one-third of the target's projected 2026 revenue.