Clifford Chance advises THEON on acquisition of Harder Digital

Global law firm Clifford Chance has advised the Cypriot defence company THEON International plc (“THEON)” on the acquisition of a 60% controlling stake in Harder Digital group (Harder Digital), a specialised manufacturer of Image Intensifier Tubes mainly operative in Germany.

The acquisition strengthens THEON’s presence in their key markets, Germany and the Baltic region, and is in line with the company’s growth and vertical integration strategy communicated during the IPO process earlier this year. Clifford Chance also provided legal advice to THEON on the listing of its shares on the Euronext Amsterdam.

THEON International plc is the parent company of THEON Sensors S.A., a leading manufacturer of Night Vision and Thermal Imaging systems for defence and security applications with a global footprint. THEON Sensors S.A. plays a leading role in the industry with international presence, including offices in Greece, Cyprus, USA, UAE, Switzerland and Singapore, as well as 3 production facilities in Athens (Greece), Wetzlar (Germany) and Plymouth (USA).

The Clifford Chance team for THEON comprised partner Christian Vogel, counsel Max Alles and associate Max Petzelberger (all Corporate/M&A, Düsseldorf and Munich), counsel Cord Freiherr von Mandelsloh (Tax, Düsseldorf) as well as partner Dimitri Slobodenjuk and senior associate Arne Gayk (both Antitrust, Düsseldorf).