u-blox, a global provider of leading positioning and wireless communication technologies and services, announced the closing of the previously communicated divestment of its Cellular business to Trasna.
This strategic move reinforces u-blox’s commitment to sharpening its focus on its core positioning technologies. The agreement with Trasna ensures continuity for the Cellular business, providing a strong platform for future growth under new ownership.
Stephan Zizala, CEO of u-blox, commented: “The closing of the Cellular divestment marks a key milestone in our transformation journey. With a sharper focus we look forward to continuing our growth path and delivering value to our stakeholders.”
u-blox confirms its guidance for Q2 2025 of revenue of CHF 60 – 70 million in the second quarter of 2025 – compared to CHF 52.0 million in Q2 2024 (+15% – +35%) and CHF 60.2 million in Q1 2025 (0% – +16%) – and cash EBIT margin (adjusted)[1] of 0% to 10%, reflecting a gradual business recovery.
u-blox continues to expect conditions to gradually improve in 2025, with customer orders showing steady recovery. Excluding the Cellular business, u-blox anticipates:
- Sequential quarterly improvement
- Double digit revenue growth in Locate and Short-Range
For more information visit www.u-blox.com.
