Zenith's Tender Offer for u-blox Declared Successful

On 15 October 2025, ZI Zenith S.à r.l., a subsidiary of Advent International, announced the interim results of its tender offer for u-blox Holding AG. As of 9 October 2025, Zenith's participation reached 67.55% of u-blox's share capital and voting rights, following additional share acquisitions and irrevocable undertakings.

The offer, targeting all publicly held u-blox shares, is now declared successful. Shareholders who have not yet tendered may still participate until 29 October 2025. The transaction's completion is anticipated in Q4 2025, subject to regulatory approvals and the delisting decision.

Zenith aims to initiate a squeeze-out procedure and delist u-blox from the SIX Swiss Exchange following the transaction's settlement.