Andres Industries plans capital increase

The non-listed Berlin stock corporation has been increasingly successful in recent years with its thermal imaging devices for government users. Last year, the company became known as the sole provider of thermal imaging attachment devices for retrofitting machine guns (MGs). Various Western armies have since been supplied with the company's thermal imaging devices. MGs typically have limited space for optical scopes, and the remaining space was insufficient to attach additional devices. The systems of Andres Industries AG are traditionally known for their particularly small size. The TigIR model, for example, requires only a very short STANAG rail for mounting on the machine gun, while the TILO model requires none. The TILO model is also a thermal imaging goggle that is so small it can be worn on the head, giving the user the ability to see their surroundings in the thermal spectrum.

This year, the company plans to increase its capital in order to fully exploit its potential in production capacity and product development.

CEO Björn Andres stated: "In recent years, we have been able to continuously grow with an annual revenue increase of around 50%. Originally, the plan was to continue financing this growth rate independently. However, in recent days and weeks, the quantities of already negotiated projects from our military customers in Europe have increased by a factor of five to ten. These are increases that our production is designed for, but that we can no longer manage with our own liquidity."

While the company has previously been controlled by a few shareholders, it will further open up its shareholder structure over the course of the year.

Andres Industries on the internet