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Advent International to Buy U-blox for $1.3 Billion

Advent International, one of the world’s leading private equity firms, announced it has reached an agreement to acquire U-blox, a Swiss provider of wireless communication and positioning semiconductors, in a deal valued at approximately $1.3 billion. The transaction will be executed through a public tender offer, giving Advent control of U-blox, which trades on the Swiss stock exchange under the ticker symbol UBXN.

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