Trasna to acquire Cellular business of u-blox.

Trasna, a global technology company specializing in semiconductor and mobile IoT solutions, agreed to acquire Cellular business of u-blox, a global provider of positioning and wireless communication technologies and services. Financial terms were not disclosed. “We are pleased to have reached this agreement with Trasna, which allows us to further concentrate on our core business while ensuring a promising future for the Cellular business unit. We are confident that under Trasna’s leadership, the business will be well-positioned for success, and we are pleased that our talented Cellular team will have the opportunity to continue their work and drive innovation,” Stephan Zizala, u-blox CEO.