On 17 August 2025 the Board of Directors of u-blox Holding AG (u-blox) announced that it has entered into a binding transaction agreement with ZI Zenith S.à r.l. (ZI Zenith), a European indirect subsidiary of funds managed and/or advised by Advent International, L.P. (Advent), a leading global private equity investor. Under this agreement, ZI Zenith will launch a public tender offer to acquire all publicly held registered shares of u-blox at a price of CHF 135.00 per share in cash. The offer corresponds to an equity value of u-blox of around CHF 1’050 million. This represents a 32% premium to the undisturbed volume-weighted average share price of the last 60 trading days of u-blox shares as per 14 August 2025, before the media first reported on a potential transaction.
u-blox is a recognized leader in high-performance positioning and short-range communication technology solutions. Advent is excited about the opportunity to partner with the u-blox management team and co-founders, and to support this innovative technology champion through its next chapter of growth. u-blox believes this transaction represents a highly attractive opportunity for its shareholders, customers and employees because it enables u-blox to pursue its long-term strategic objectives with greater flexibility, backed by a strong and experienced financial partner. Both parties share the vision for u-blox’s future, and are excited about the intended support and acceleration of its growth and innovation pipeline.
u-blox’s Board of Directors has unanimously concluded that the transaction is in the best interests of the company, its shareholders and other stakeholders. It therefore recommends that shareholders accept the offer and has committed, along with the Management team, to tender all their shares. In addition, u-blox’s largest individual shareholder, SEO Master Fund LP, holding approximately 9% of the outstanding shares, has committed to tender all of its shares. The tender offer is subject to terms and conditions as well as regulatory approvals customary for this type of transaction and is expected to be settled within the next 6 months. The intention is to then delist u-blox shares from the SIX Swiss Exchange.
