Provisional Result of u-blox Tender Offer Announced

Zenith, a subsidiary of Advent International, has announced the provisional results of its tender offer for u-blox Holding AG shares. By the end of the acceptance period on 29 October 2025, Zenith has secured 94.36% of u-blox's share capital, with a total of 7,294,181 shares now under its purview.

The full outcome of the offer will be confirmed on 4 November 2025. Completion of the acquisition is targeted for the fourth quarter of 2025, pending conditional approvals. Advent plans to initiate a squeeze-out process and remove u-blox from the SIX Swiss Exchange following the settlement.

During the extraordinary general meeting on 28 October 2025, shareholders voted in favor of delisting and made new board appointments, including Claudio Simão as Chairman.