18 August 2025 – u-blox Holding AG (SIX: UBXN), a global provider of leading positioning and short-range communication technologies and services, announced that it has entered into a transaction agreement with ZI Zenith S.à r.l., an indirect subsidiary of funds managed and/or advised by Advent International, L.P., a leading global private equity investor. Under the agreement, ZI Zenith will launch a public tender offer for all publicly held u-blox shares at a price of CHF 135 per share in cash. The offer price represents a 32.4% premium to the (undistorted) VWAP of the last 60 trading days until August 14, 2025. The offer values u-blox at approximately CHF 1,050 million. The board of directors of u-blox unanimously approved the transaction, completion of which is expected to occur in Q1 2026, subject to customary conditions.

Walder Wyss is acting as lead counsel to u-blox on the transaction, with Freshfields advising as to regulatory matters. The Walder Wyss team is led by Hans-Jakob Diem (Corporate/M&A, Partner) and includes the core team members Iliana Djagova (Corporate/M&A, Counsel) and Christian A. Schmid (Corporate/M&A, Senior Associate) as well as Dimitrios Berger (Corporate/M&A, Managing Associate), Kevin Laurent (Corporate/M&A, Senior Associate), Estelle Mathis (Corporate/M&A, Associate), Merens Derungs (Corporate/M&A, Associate) and Nicolas von Sinner (Corporate/M&A, Associate), Melanie Stofer (Corporate/M&A, Trainee), Arnaud Lambelet (Corporate/M&A, Trainee) and Dominik Lusti (Corporate/M&A, Trainee).