Advent opens USD 1.3 billion to purchase Swiss chip manufacturer U-blox

Advent plans to buy Swiss positioned chip manufacturer U-blox, with a trading amount of approximately 1.05 billion Swiss francs (about 1.3 billion US dollars).

Advent cash purchase price is CHF 135 per share. After Bloomberg's report, U-blox's stock price once surged 20%, creating its largest single daily increase since August 2022, with a market value of about 77% this year and a market value of more than $1.2 billion.

Swiss positioning chip manufacturer U-blox responded that it is currently in discussions with Advent's acquisition and purchase transactions.

Private equity firms have recently actively deployed in the public European market, and believe that the current market valuation has failed to reflect corporate fundamentals. Recently, Nordic Capital and Permira alliance have filed a purchase case against Denmark-listed vaccine manufacturer Bavarian Nordic A/S.

If you can successfully purchase U-blox, it will be another public purchase case by Advent in the European market. Previously, Advent had sought to purchase London-listed Spectris Plc and Italy's Tinexta SpA.

U-blox specializes in producing positioning technology wafers and modules for automobiles, consumer electronics, automated machines, unmanned machines and other fields. The company recently completed a sales of its mobile communications business that is still in a state of deficit in 2024. U-blox executive Stephan Zizala has said the company's future will focus on automatic driving and mobile robots.

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