U-Blox says it has agreed to a takeover bid by Advent for $1.3 billion
ReutersAug 17, 2025 7:45 PM
Aug 17 (Reuters) - Switzerland's U-Blox UBXN.S said on Sunday it has entered into a transaction agreement with Advent International, via its European subsidiary ZI Zenith, for 1.05 billion Swiss francs ($1.30 billion).
The company said in a statement the Advent subsidiary offered to buy its shares for 135 Swiss francs per share.
($1 = 0.8063 Swiss francs)
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