<PAGE>

                                                                    Exhibit 4.11


                        ASSIGNMENT OF SECURITY INTEREST
                    IN UNITED STATES TRADEMARKS AND PATENTS
                    ---------------------------------------

          FOR GOOD AND VALUABLE CONSIDERATION, receipt and sufficiency of which
are hereby acknowledged, APW LTD., a Bermuda corporation (the "Parent"), APW
NORTH AMERICA, INC., a Delaware corporation ("APW-NA"), the other persons or
entities which are listed on the signature pages hereof as assignors or which
from time to time become parties hereto as assignor (collectively, including the
Parent and  APW-NA, the "Assignors" and individually each a "Assignor"), hereby
assign and grant to Bank of America, National Association, in its capacity as
Administrative Agent for the Banks (the "Assignee"), a security interest in (i)
all of the Assignors' right, title and interest in and to the United States
trademarks, trademark registrations and trademark applications (the "Marks") set
forth on Schedule A attached hereto, (ii) all of the Assignors' right, title and
interest in and to the United States patents and patent applications (the
"Patents") set forth on Schedule B attached, in each case together with (iii)
all Proceeds (as such term is defined in the Security Agreement referred to
below) and products of the Marks and Patents, (iv) the goodwill of the
businesses with which the Marks are associated and (v) all causes of action
arising prior to or after the date hereof for infringement of any of the Marks
and Patents or unfair competition regarding the same.

          THIS ASSIGNMENT is made to secure the satisfactory performance and
payment of all the Obligations of each of the Assignors, pursuant to the
Security Agreement among the Assignors, the other assignors from time to time
party thereto and the Assignee, dated as of March 30, 2001 (as amended from time
to time, the "Security Agreement").  Upon the payment in full of all Liabilities
and the termination of all Commitments, the Assignee shall, upon such
satisfaction, execute, acknowledge, and deliver to the Assignors an instrument
in writing releasing the security interest in the Marks and Patents acquired
under this Assignment.


<PAGE>

          This Assignment has been granted in conjunction with the security
interest granted to the Assignee under the Security Agreement.  The rights and
remedies of the Assignee with respect to the security interest granted herein
are without prejudice to, and are in addition to those set forth in the Security
Agreement, all terms and provisions of which are incorporated herein by
reference.  In the event that any provisions of this Assignment are deemed to
conflict with the Security Agreement, the provisions of the Security Agreement
shall govern.  Capitalized terms that are not otherwise defined herein shall
have the respective meanings assigned thereto in the Security Agreement.



<PAGE>

          IN WITNESS WHEREOF, the undersigned have executed this assignment as
of the _______ day of April, 2001.

                            APW LTD.


                            ____________________________________________________
                            By:  James Maxwell
                            Title:  Assistant Treasurer


                            DOMESTIC SUBSIDIARIES OF PARENT:

                            APW MAYVILLE, LLC
                            APW WRIGHT LINE LLC
                            ASPEN POWER SYSTEMS, LLC
                            EDER INDUSTRIES INC.
                            VERO ELECTRONICS INC.


                            ____________________________________________________
                            By:  James Maxwell
                            Title:  Treasurer or Assistant Treasurer, as
                                    applicable


<PAGE>

                            APW NORTH AMERICA INC.


                            ____________________________________________________
                            By:  James Maxwell
                            Title:  Treasurer


                            DOMESTIC SUBSIDIARIES OF APW-NA:

                            APW ENCLOSURE SYSTEMS, INC.
                            APW-ERIE, INC.
                            ASPEN MOTION TECHNOLOGIES INC.
                            CAMBRIDGE AEROFLO, INC.
                            ELECTRONIC SOLUTIONS
                            HSP USA INC.
                            INNOVATIVE METAL FABRICATION, INC.
                            MCLEAN MIDWEST CORPORATION
                            MCLEAN WEST INC.
                            METAL ARTS MANUFACTURING, INC.
                            PRECISION FABRICATION TECHNOLOGIES, INC.
                            RUBICON USA INC.
                            ZERO-EAST DIVISION, ZERO CORPORATION
                            ZERO ENCLOSURES, INC.
                            ZERO INTERNATIONAL, INC.

                            ____________________________________________________
                            By:  James Maxwell
                            Title:  Treasurer, Assistant Treasurer or Chief
                            Financial Officer, as applicable


<PAGE>

                            APW ENCLOSURE SYSTEMS HOLDING,  INC.


                            ____________________________________________________
                            By:  Howard Lederman
                            Title:  Vice President


                            APW ENCLOSURE SYSTEMS, LP by APW ENCLOSURE SYSTEMS
                            HOLDING, INC., its General Partner


                            ____________________________________________________
                            By:  Howard Lederman
                            Title:  Vice President


<PAGE>

                            BANK OF AMERICA, NATIONAL ASSOCIATION, as
                            Administrative Agent


                            ____________________________________________________
                            By
                            Name:  Margaret H. Claggett
                            Title:  Managing Director


<PAGE>

          Signature page for the Assignment of Security Interest in United
States Trademarks and Patents,  dated as of April _____, 2001 among APW Ltd.,
APW North America, Inc., various other parties and Bank of America, National
Association, as Administrative Agent for the Banks referred to herein.

          The undersigned is executing a counterpart hereof for purposes of
becoming a party hereto (and attached to this signature page are supplements to
the Schedules to the Assignment of Security Interest in United States Trademarks
and Patents setting forth all relevant information with respect to the
undersigned):

                            [ADDITIONAL DEBTOR]


                            __________________________________
                            By:
                            Title:


<PAGE>

STATE OF      )
              ) ss.:
COUNTY OF     )


          On this ___ day of  April, 2001, before me personally came James
Maxwell who, being by me duly sworn, did state as follows: that he is Treasurer,
Assistant Treasurer or Chief Financial Officer of: APW LTD.; APW MAYVILLE, LLC;
APW WRIGHT LINE LLC; ASPEN POWER SYSTEMS, LLC; EDER INDUSTRIES INC.; VERO
ELECTRONICS INC.; APW NORTH AMERICA INC.; APW ENCLOSURE SYSTEMS, INC.; APW-ERIE,
INC.; ASPEN MOTION TECHNOLOGIES INC.; CAMBRIDGE AEROFLO, INC.; ELECTRONIC
SOLUTIONS; HSP USA INC.; INNOVATIVE METAL FABRICATION, INC.; MCLEAN MIDWEST
CORPORATION; MCLEAN WEST INC.; METAL ARTS MANUFACTURING, INC.; PRECISION
FABRICATION TECHNOLOGIES, INC.; RUBICON USA INC.; ZERO-EAST DIVISION, ZERO
CORPORATION; ZERO ENCLOSURES, INC.; and ZERO INTERNATIONAL, INC., that he is
authorized to execute the foregoing Assignment on behalf of said corporation or
limited liability company and that he did so by authority of the Board of
Directors of said corporation or managers of said limited liability company.


                                  ________________________________
                                           Notary Public


<PAGE>

STATE OF    )
            ) ss.:
COUNTY OF   )


          On this ___ day of  April, 2001, before me personally came Howard
Lederman who, being by me duly sworn, did state as follows: that he is Vice
President of APW ENCLOSURE SYSTEMS HOLDING,  INC., that he is authorized to
execute the foregoing Assignment on behalf of said corporation and that he did
so by authority of the Board of Directors of said corporation.


                                 __________________________
                                         Notary Public


<PAGE>

STATE OF    )
            ) ss.:
COUNTY OF   )


          On this __ day of ____________, 2001, before me personally came
___________ _______________________who, being by me duly sworn, did state as
follows: that [s]he is __________________ of [Name of Assignor], that [s]he is
authorized to execute the foregoing Assignment on behalf of said corporation and
that [s]he did so by authority of the Board of Directors of said corporation.


                                  ____________________________
                                         Notary Public