Acquisition of an 80.2% shareholding in Future Technology Devices International Limited by Willow Vision Limited: notice of variation of final order
Updated 5 August 2026
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1. The Parliamentary Under-Secretary of State, on behalf of the Secretary of State, has decided to vary a final order pursuant to section 27 of the National Security and Investment Act 2021 (“the Act”). The variation came into force on 4 August 2026.
2. The parties who are subject to the order are:
i. Willow Vision Limited (“Willow”);
ii. Future Technology Devices International Limited (“FTDI”); and
iii. FTDI Holding Limited.
3. Willow will gain control of the qualifying entity, FTDI, by acquiring 80.2% of FTDI’s shares (“the Acquisition”).
4. The Acquisition constitutes trigger events under section 8(2)(c), 8(5)(c) and 8(6) of the Act.
5. Following a detailed national security assessment, a decision was previously made to issue a final order pursuant to section 26 of the Act, which came into force on 1 July 2026. The final order has the effect of approving the Acquisition, subject to certain requirements relating to payments, communications between the parties and FTDI’s activities following completion of the Acquisition.
6. It was considered that the measures contained within the final order are necessary and proportionate to remedy, prevent or mitigate the risks to national security relating to:
i. The past ownership of FTDI being used to pose a risk to critical national infrastructure which uses FTDI products.
7. The variation to the final order amends the parties who must comply with some of its requirements.