Advent International completed the acquisition of u-blox for CHF1.05bn.

Advent International, a private equity firm, completed the acquisition of u-blox, a global provider of positioning and wireless communication technologies and services, for CHF1.05bn. “Advent is pleased to complete the acquisition of u-blox and to enter this partnership at a pivotal moment. Demand for high-precision positioning and secure connectivity is accelerating globally, and u-blox is well placed to benefit from these trends. The company is at the forefront of the industry, combining deep engineering expertise with a strong technology portfolio and a loyal customer base. In partnership with the new management team, Advent is committed to creating long-term value for employees, customers and partners as u-blox moves into its next phase of growth,” Ronald Ayles, Advent Managing Partner.