U-Blox says it is in talks with suitor Advent over a takeover
ReutersAug 15, 2025 1:25 PM
Aug 15 (Reuters) - Switzerland's U-Blox Holding UBXN.S, a maker of microchips and software for car navigation, said on Friday that it was in talks with Advent International about being taken over by the private equity firm.
"Whether a transaction will materialize is open at this stage," the company said in a statement.
Bloomberg earlier reported on the talks over an acquisition deal that could value U-Blox at more than 1 billion Swiss francs ($1.24 billion).
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