Hilco is seeking offers to acquire the intellectual property and tangible assets of Project Aegis (or the “Company”) on behalf of the Company’s Joint Administrators.
Project Aegis represents a rare opportunity to acquire the intellectual property and tangible assets of a leader in the design and manufacturing of advanced vehicles and mechanical platforms engineered to eliminate contamination from the explosive remnants of war. Their expertise spans anti-personnel and anti-vehicle landmine clearance to IED detection and destruction, protected mobility solutions, and cutting-edge uncrewed autonomous systems.
With over four decades of operational history, the Company has deployed its technology across over 50 countries, supporting military, humanitarian, and government agencies operating in high-risk and post-conflict environments. The Company is best known for its flail-based mechanical clearance system, one of the most widely adopted solutions for landmine and explosive threat neutralisation. Now in its fourth generation of development, the Company’s platform offers deep clearance capabilities and has proven operational effectiveness in varied terrain and complex field conditions.
Alongside its core offering, the Company has developed a portfolio of next-generation uncrewed ground vehicles, engineered for modular deployment in high-risk zones, including chemical, biological, radiological, and nuclear (CBRN) environments. The Company’s systems feature integrated artificial intelligence (AI), autonomous navigation, and payload flexibility to support reconnaissance, threat disruption, and mobility support functions.
This acquisition opportunity presents a rare chance to acquire high-value assets from a recognised leader in mine clearance and counter-threat technology, offering strong strategic appeal for defence contractors, robotics specialists, humanitarian operators, and investors seeking to expand into defence-adjacent mobility, unmanned systems, or threat mitigation technologies.
All expressions of interest and bids are to be directed to Hilco in writing. Please contact Hilco to gain access to further information.
Project Aegis operates within sectors classified as sensitive under the UK Government’s National Security and Investment Act 2021 (“NSI Act”). The Act empowers the Government to review and, where necessary, intervene in certain acquisitions that may pose a risk to national security.
As assessed by the Company, Project Aegis is in scope for the following five NSI-designated sectors:
Depending on the identity and structure of the acquiring party, a notification to the Government may be required, and completion of any acquisition may be subject to approval under the NSI Act.
Parties are advised to take independent legal advice regarding any filing obligations or potential review under the NSI Act prior to submitting an offer.
Hilco is acting as agent to the Company and its Joint Administrators in connection with the proposed sale of some or all of the Company’s assets. The Joint Administrators act as agents of the Company and without personal liability.
All sales are made strictly on an “as is, where is” basis. Only such right, title and interest (if any) as the Company may have in the assets will be transferred to a purchaser. No warranties, guarantees, or representations (express or implied) are provided by the Company, its Joint Administrators or Hilco in respect of the assets or any information supplied. All parties must rely on their own enquiries and due diligence. Any information provided is for convenience only and has not been independently verified.
All offers are subject to the addition of VAT at the prevailing rate, where applicable. A non-refundable deposit equal to 20% of the agreed purchase price must be paid by the successful purchaser within 48 hours of offer acceptance, granting the purchaser the exclusive right to proceed with the acquisition of the relevant assets for a limited period. A Buyer’s Premium of 12.5% of the final purchase price is payable by the successful purchaser in addition to the agreed purchase price.
Legal completion must occur within five (5) business days of offer acceptance, unless otherwise agreed in writing by the Company and its Joint Administrators.
