Acquisition of Amiosec Limited by Pen10 Ltd: notice of final order
Published 18 March 2025
© Crown copyright 2025
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1. Following a detailed national security assessment, the Chancellor of the Duchy of Lancaster has made a Final Order pursuant to section 26 of the National Security and Investment Act 2021 (“the Act”), which comes into force on 18 March 2025
2. The Parties who are subject to the order are:
i. Amiosec Limited (UK); and
ii. Pen10 Ltd (UK).
3. Pen10 Ltd will acquire 100% of the shareholding in Amiosec Limited, which is a qualifying entity under section 7(2) of the National Security and Investment Act 2021. This constitutes a trigger event under section 8(2)(c) of the NSI Act.
4. The Chancellor of the Duchy of Lancaster has approved the acquisition of 100% of the shareholding in Amiosec Limited by Pen10 Ltd, subject to the condition that the Parties:
i. ensure that Amiosec Limited continues to comply with certain contractual commitments including those pertaining to security and governance;
ii. ensure continuity of supply in respect of the sensitive products and services Amiosec Limited provides to HM Government;
iii. provide advance notification to HM Government in the event of any transfers of, or material changes to, the parts of Amiosec Limited’s business that are involved in the supply of sensitive products and services to HM Government; and
iv. comply with specified arrangements to ensure the maintenance of HM Government’s strategic capabilities in the event that Amiosec Limited ceases to support such capabilities, or where required to avoid any material adverse effect on the United Kingdom’s national security.
5. The Chancellor of the Duchy of Lancaster considers that the Final Order is necessary and proportionate, and, that the measures contained within this Final Order mitigate the risks to national security relating to Amiosec Limited’s role as a strategic supplier of sensitive products and services to HM Government in support of the United Kingdom’s national security.