U-Blox says it has agreed to a takeover bid by Advent for $1.3 billion

U Blox Holding AG

17/08/2025 20:45

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)

 (Reporting by Yazhini MV in Bengaluru; Editing by Chris Reese)

 ((Yazhini.MV@thomsonreuters.com;))