Press Release, 19 August 2025
u-blox Holding AG (“u-blox”) (SIX: UBXN), a provider of positioning and short-range communication technologies and services, announced that it has entered into a binding transaction agreement with ZI Zenith. 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 represents a 53% premium to the undisturbed volume-weighted average share price of the last 6 months until August 14, 2025, and a 32% premium to the undisturbed volume-weighted average share price of the last 60 trading days of u-blox shares until August 14, 2025, before the media first reported on a potential transaction.
“u-blox is recognized in high-performance positioning and short-range communication technology solutions. We are excited about the opportunity to partner with the u-blox management team and co-founders, and support this innovative technology champion through its next chapter of growth,” said Ronald Ayles, Managing Partner at Advent. “We are deeply committed to invest in the long-term success of u-blox, using our extensive experience and resources in automotive and industrial end-markets to accelerate innovation and expand its global reach. Advent has a long and successful track record of partnering with founders and management teams to deliver sustainable value creation.”
André Müller, Chairman of u-blox, and Stephan Zizala, CEO of u-blox, jointly stated: “We believe this transaction represents a highly attractive opportunity for our 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. Advent shares our vision for the company’s future, and we are excited about its intention to support and accelerate our 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. The Board’s recommendation is supported by an independent fairness opinion stating that the offer price is fair from a financial point of view. 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.
Morgan Stanley & Co. International plc acted as exclusive financial advisor and Walder Wyss as legal counsel to u-blox, and IFBC provided the fairness opinion. UBS is acting as financial advisor and public offer manager to Advent, Bär & Karrer is acting as its legal advisor.
About Advent
Advent is a global private equity investor committed to working in partnership with management teams, entrepreneurs, and founders to help transform businesses. With 16 offices across five continents, we oversee more than USD $94 billion in assets under management* and have made over 430 investments across 44 countries.
About u-blox
u-blox (SIX:UBXN) is a leader in automotive, industrial, and consumer markets, driving innovation through our cutting-edge positioning and short-range communication technologies. We are the pioneers behind high-precision technologies, providing smart and reliable solutions that enable people, vehicles, and machines to determine their precise position and communicate wirelessly. With headquarters in Thalwil (Zurich), Switzerland, and offices across Europe, Asia, and the USA, we are making a global impact.
