ZI Zenith S.à r.l. (“Zenith”), a European indirect subsidiary of funds managed and/or advised by Advent International, L.P. (“Advent”), a leading private equity investor, announces the completion of the public tender offer for u-blox Holding AG (“u-blox”) (SIX: UBXN), a global provider of leading positioning and wireless communication technologies. All regulatory approvals have been granted, and all offer conditions have been satisfied. Advent will today settle the offer and pay the offer consideration of CHF 135 per share to all shareholders who have tendered their shares. The completion of the transaction marks the beginning of a long-term partnership between Advent and u-blox.
u-blox is a global leader in critical connectivity and positioning technologies, trusted by more than 10,000 customers worldwide. Under Advent’s ownership, the focus will be on strengthening u-blox’s market position, accelerating growth, and capturing rising demand across automotive and industrial end-markets as well as adjacent segments. Advent’s global network and sector expertise will support u-blox in fully unlocking these opportunities while preserving the company’s core values and Swiss engineering heritage.
Andreas Thiel and Camila Japur, both members of the u-blox leadership team, who will assume their roles as Co-CEOs effective 1 January 2026 — commented: “With today’s closing, u-blox enters an important new chapter. In Advent, we have found a strong long-term owner who understands our industry, technology, and the scale of the opportunity ahead. This partnership will allow us to accelerate our growth trajectory, further strengthen our global market leadership, and enable us to continue innovating to retain our technological leadership. Our teams remain central to our success, and with Advent’s support, we are well positioned to realize our full potential and deliver even greater value to our customers worldwide.”
Ronald Ayles, Managing Partner at Advent, said: “Advent is pleased to complete the acquisition of u-blox and to enter this partnership at a pivotal moment. Demand for high-precision positioning and secure connectivity is accelerating globally, and u-blox is well placed to benefit from these trends. The company is at the forefront of the industry, combining deep engineering expertise with a strong technology portfolio and a loyal customer base. In partnership with the new management team, Advent is committed to creating long-term value for employees, customers and partners as u-blox moves into its next phase of growth.”
Claudio Simao, u-blox’s Chairman, commented: “With Advent as a partner, u-blox will double down on precision positioning and embedded intelligence for customers across automotive and industrial markets. Our focus is execution: faster innovation, stronger customer success, and disciplined growth.”
Following today’s settlement and based on the number of shares registered with the Commercial Register of the Canton of Zurich, Advent will hold more than 98% of the shares in u-blox. Accordingly, Advent will initiate a statutory squeeze-out proceeding, and the subsequent delisting of u-blox shares will be conducted in due course in accordance with the applicable regulatory process.
Advent has a longstanding track record of supporting industrial businesses in accelerating innovation, strengthening their operational foundations and scaling internationally. The firm has completed over 90 investments in industrials in more than 25 countries worldwide across a range of sub-sectors. The investment builds on its global portfolio of industrial-innovation leaders, including investments in critical mechanical and electronic component manufacturers Envalior (2023) and Röhm (2019), as well as global provider of end-to-end spatial intelligence Vantor (formerly Maxar Intelligence – 2023). Prior investments also include electronic components manufacturers Laird Connectivity (2018), now Ezurio, and Cobham Advanced Electronic Solutions (2020).
For more information, visit www.u-blox.com.
