Advent Publishes Takeover Bid for U-Blox

(CONNECT) Advent of Boston, through its subsidiary ZI Zenith S.à r.l., has announced an offering prospectus for all publicly held shares of u-blox Holding AG of Thalwil, Switzerland, the communications technology company u-blox announced in a press release.

As part of the takeover, the u-blox shares are to be acquired at a price of CHF 135 per share. This corresponds to a 53% premium on the average u-blox share price over the past six months prior to the announcement of the potential takeover and a 32% premium on the average share price over the past 60 trading days up to August 14, when a potential transaction was first announced. The total takeover volume therefore amounts to a valuation of CHF 1.05 billion.

The Board of Directors of u-blox has unanimously recommended the acceptance of the current offer and, together with the Executive Committee, has approved the sale of all treasury shares. It was supported by an independent fairness assessment by the Zurich-based consulting firm IFBC Ltd. SEO Master Fund LP, the largest single shareholder in u-blox with a 9 percent stake, has also irrevocably approved the sale of all shares.

The main offering period is scheduled to begin on September 11, 2025 and end on October 9, 2025. The offer was announced in advance on August 17. Once the proceedings have been completed, a squeeze-out procedure will follow and, in parallel, all u-blox shares will be delisted from the SIX Swiss Exchange.

U-blox is a global company for positioning and short-range communication technology and is active in the automotive, industrial and consumer goods sectors. With its Advanced Driver Assistance Systems (ADAS), the company is working on the implementation of autonomous driving concepts, for example. ce/yes