U-Blox says it is in talks with suitor Advent over a takeover

U Blox Holding AG

15/08/2025 14:25

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).

 (Reporting by Ludwig Burger, Editing by Rachel More)

 ((ludwig.burger@thomsonreuters.com;))