Bridgepoint announced that it agreed to invest in UMag Solutions, a Danish defense technology company specializing in drone-based real-time subsurface threat detection systems for land and sea. The transaction will see Bridgepoint acquire a majority stake in UMag. The company’s founders will remain significant shareholders and continue leading the business.
Founded in 2018 as a spin-out from the Technical University of Denmark, UMag is headquartered in Birkerød, Denmark. The company develops advanced drone-based detection systems that combine proprietary hardware, advanced detection algorithms, and software.
UMag’s technology is designed to deliver ultra-sensitive detection and real-time intelligence for defense operators. Its systems help identify hidden threats more accurately and quickly, supporting better decision-making and reducing risk in the field.
The company’s systems are used to detect and map landmines, unexploded ordnance, and naval mines. UMag’s technology is also used for detecting submarines and unmanned underwater vehicles.
UMag has grown rapidly as defense spending increases across Europe and allied nations. The company is benefiting from military modernization programs and rising demand for advanced mine-detection and maritime security capabilities.
UMag serves customers across NATO and allied nations. The company has also built trusted relationships with military customers and drone platform manufacturers.
Bridgepoint plans to support UMag’s next phase by helping scale its commercial organization, accelerate international expansion, strengthen strategic partnerships, and continue investing in research and development.
The investment will also support commercialization of UMag’s next generation of products. Bridgepoint said UMag operates in a growing area of defense technology as governments increase adoption of autonomous systems and advanced sensing capabilities.
The deal also builds on Bridgepoint’s track record in defense technology, including its investments in MyDefence and Comrod.
The transaction is subject to customary regulatory approvals. Financial terms were not disclosed.
Bridgepoint was advised by Evercore as lead M&A advisor, EY as M&A advisor, Oliver Wyman for commercial matters, EY for financial and tax matters, and BAHR as legal advisor. UMag was advised by PwC Corporate Finance as M&A advisor, PwC TS for financial matters, and Plesner as legal advisor.
KEY QUOTES:
“UMag Solutions develops the world’s most advanced magnetic sensing solutions for subsurface threat detection on land and at sea. Since founding the company in 2018, we have pursued a clear mission: to demonstrate how ultra-sensitive quantum magnetic technology can redefine the future of landmine and naval mine detection, as well as anti-submarine warfare. As founders, we have established UMag as a global leader in magnetic sensing for autonomous systems, with battle-proven technologies already deployed and a strong pipeline of next-generation solutions under development. We are now ready for the next phase of our growth. By partnering with Bridgepoint, we gain the expertise, commercial capabilities and strategic reach needed to accelerate our growth and deliver our technologies at greater scale. Together, we are strengthening UMag’s position as a trusted partner to defence organisations around the world while advancing the next generation of autonomous magnetic sensing solutions.”
Arne Døssing Andreasen, CEO and Co-Founder of UMag Solutions
“UMag represents an opportunity to back an exceptional founder-led business operating in a rapidly growing area of defence technology. We have been particularly impressed by the quality of the management team and by the company’s differentiated technology. We look forward to working alongside the team to support UMag’s international expansion, continued investment in innovation and the next stage of the company’s growth.”
Chris Bley, Partner and Co-Head of the Nordics at Bridgepoint
“The defence sector is undergoing a period of significant technological transformation as governments across NATO and allied nations continue to invest in modernising their capabilities to address increasingly complex security challenges. This is driving increased adoption of autonomous systems and advanced sensing technologies. Within this landscape, UMag stands out through its differentiated technology, strong engineering capabilities and its ability to solve complex operational challenges for defence customers. We are excited to support the founders in driving the next phase of UMag’s growth.”
Carlos Sanz, Partner and Head of Advanced Industrials at Bridgepoint
