Waselius advised THEON INTERNATIONAL, a global leader in advanced defense technologies, on its strategic minority investment in Varjo Technologies Oy, a Finnish deep-tech company specializing in Virtual Reality (VR) and Mixed Reality (MR) headsets and applications. The strategic collaboration between THEON and Varjo will combine THEON’s technological know-how with Varjo’s advanced virtual and mixed reality hardware and software, with the companies having agreed to collaborate closely on multiple product and business initiatives. The investment will strengthen Varjo’s capabilities to deliver military-grade realism through next-generation immersive technologies. It also supports THEON’s broader digital expansion under the THEON NEXT initiative, with a focus on developing high-technology innovations for defense applications.
THEON GROUP of companies develops and manufactures cutting-edge night vision and thermal Imaging systems for Defense and Security applications with a global footprint. THEON INTERNATIONAL PLC is listed on Euronext Amsterdam.
Varjo is the world-leading provider of military-grade virtual and mixed reality solutions, delivering the highest levels of immersion, performance, and security for the most demanding industrial customers globally.