U-Blox says it has agreed to a takeover bid by Advent for $1.3 billion-December 2024-www.financetom.com

U-Blox says it has agreed to a takeover bid by Advent for $1.3 billion

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U-Blox says it has agreed to a takeover bid by Advent for $1.3 billion

Aug 17, 2025 1:06 PM

Aug 17 (Reuters) - Switzerland's U-Blox said on

Sunday it has entered into a transaction agreement with Advent

International, via its European subsidiary ZI Zenith, for 1.05

billion Swiss francs ($1.30 billion).

The company said in a statement the Advent subsidiary

offered to buy its shares for 135 Swiss francs per share.

($1 = 0.8063 Swiss francs)

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