Advent Announces Public Tender Offer for u-blox

Advent International, through its subsidiary ZI Zenith S.à r.l., has announced a public tender offer to acquire all publicly held shares of u-blox Holding AG. The offer is set at CHF 135.00 per share, representing a 53% premium over the past six months' average share price. The transaction values u-blox's equity at approximately CHF 1,050 million.

The Board of u-blox unanimously recommends that shareholders accept the offer. SEO Master Fund LP, the largest individual shareholder with 9% ownership, has already committed to tender its shares. The completion of the transaction is expected within six months, following regulatory approvals and is likely to result in delisting from the SIX Swiss Exchange.

Morgan Stanley, Walder Wyss, and IFBC are acting as advisors to u-blox, while UBS and Bär & Karrer assist Advent. Further details will be available in the offer prospectus expected on August 27, 2025.