Advent International to acquire u-blox for CHF1.05bn.

Advent International, a private equity firm, offered to acquire u-blox, a global provider of positioning and wireless communication technologies and services, for CHF1.05bn. "u-blox is a recognized leader in high-performance positioning and short-range communication technology solutions. We are excited about the opportunity to partner with the u-blox management team and co-founders, and support this innovative technology champion through its next chapter of growth," Ronald Ayles, Advent International Managing Partner.