BGF has completed a successful exit from its investment in Operational Solutions Limited (OSL), a leading provider of counter-drone and airspace management technologies headquartered in Reading. The business has been acquired by Terma A/S, a global provider of mission-critical solutions for defence, aerospace, and security. The deal marks another strong outcome for BGF’s portfolio of pioneering technology companies.
Since BGF’s initial investment in 2021, OSL has achieved significant growth and established itself as a market leader in counter-drone detection and management solutions. Its technology is deployed across multiple critical environments, including Heathrow Airport and Wembley Stadium, providing advanced situational awareness and safeguarding airspace security.
With BGF’s support, OSL has expanded its workforce from 50 to more than 100 employees, strengthened its leadership team with the appointment of a Chief Operating Officer, and accelerated research and development. The business also leads Project HADO®, a consortium initiative designed to advance the commercial adoption of autonomous drone systems in high-intensity environments.
BGF’s growth capital investment enabled OSL to scale its commercial operations, enhance its data and software capabilities, and expand into new international markets. The partnership supported CEO Mark Legh-Smith and his team in establishing OSL as a trusted global player in counter-drone technology, working with some of the world’s most demanding infrastructure and event operators.
