u-blox Holding AG, a global provider of positioning and short-range communication technologies, has announced a binding transaction agreement with ZI Zenith. Under this agreement, ZI Zenith will launch a public tender offer to acquire all publicly held registered shares of u-blox for CHF 135.00 per share in cash. This offer represents a significant premium over the average share prices prior to the announcement. The transaction is expected to be settled within the next six months, after which u-blox shares will be delisted from the SIX Swiss Exchange. Advent, the financial partner backing the acquisition, expressed its commitment to invest in the long-term success of u-blox, leveraging its experience in automotive and industrial markets to drive innovation and global expansion. The u-blox Board of Directors and its largest individual shareholder have expressed strong support for the transaction.