Bridgepoint has agreed to acquire a majority stake in Danish defence technology company UMag Solutions, backing the drone-based sensing specialist as demand for advanced military technologies continues to grow across Europe and NATO member states.
Financial terms of the transaction have not been disclosed. UMag’s founders will retain significant minority stakes and continue to lead the business following completion, which remains subject to customary regulatory approvals.
Founded in 2018 as a spin-out from the Technical University of Denmark, UMag develops drone-based magnetic sensing systems capable of detecting subsurface threats on land and at sea. The company’s technology combines proprietary hardware, software and detection algorithms to identify hazards including landmines, unexploded ordnance, naval mines, submarines and unmanned underwater vehicles in real time.
The investment comes amid rising defence budgets across Europe and increased spending on military modernisation programmes, driving demand for autonomous systems and advanced sensing technologies. UMag supplies defence customers across NATO and allied nations and has established partnerships with military organisations and drone platform manufacturers.
Bridgepoint said it will work with the management team to accelerate the company’s international expansion, strengthen its commercial capabilities, deepen strategic partnerships and continue investing in research and development. The private equity firm also plans to support the commercial rollout of UMag’s next generation of products.
The acquisition further expands Bridgepoint’s exposure to the defence technology sector, following previous investments in companies including MyDefence and Comrod. The firm has increasingly targeted businesses operating in strategically important industries benefiting from long-term structural growth and government investment.
Bridgepoint’s investment reflects growing private equity interest in defence technology, a sector that has attracted increased investor attention as geopolitical tensions have prompted governments to boost defence spending and prioritise next-generation military capabilities.
Evercore and EY advised Bridgepoint on the transaction, while UMag was advised by PwC Corporate Finance, PwC Transaction Services and Plesner. The deal is expected to complete following receipt of the necessary regulatory approvals.
