Bridgepoint buys majority of Danish drone firm UMag in €250M deal

What's the deal? BridgepointDealroom has a profile for this one. Try Dealroom → Group, a UK-listed private capital firm, has agreed to acquire a majority stake in UMag SolutionsDealroom has a profile for this one. Try Dealroom → ApS, a Danish defence technology company. The deal values UMag at about €250 million, including debt, according to sources familiar with the matter.

What does UMag do? Founded in 2018 as a spin-off from the Technical University of Denmark, UMag builds drone systems that detect landmines, unexploded ordnance, naval mines, submarines, and unmanned underwater vehicles. Its systems are used by NATO and allied nations.

What changes? UMag's founders will keep a significant stake and continue to lead the business.

Why now? The company has seen rising demand as European defence budgets grow and militaries modernise.

The signal: The deal extends Bridgepoint's push into defence, following its purchases of MyDefenceDealroom has a profile for this one. Try Dealroom → A/S in 2024 and Comrod CommunicationDealroom has a profile for this one. Try Dealroom → AS in 2025. It reflects growing private equity interest in drone and anti-drone systems as geopolitical tensions make defence technology more attractive to investors.

Read more: ainvest.com