u-blox Holding AG ( (CH:UBXN) ) has provided an announcement.
u-blox has announced the divestment of its Cellular business to Trasna, a move aimed at concentrating on its core positioning technologies. This strategic decision is expected to enhance u-blox’s focus on its primary operations while providing Trasna with a platform for growth in cellular technology. The transaction, set to close in Q2 2025, will reduce restructuring and transaction costs for u-blox and is anticipated to positively impact its financial recovery and market positioning.
More about u-blox Holding AG
u-blox (SIX: UBXN) is a global provider of semiconductor chips, modules, and IoT services, specializing in positioning and wireless communication technologies. Headquartered in Thalwil, Switzerland, the company focuses on driving innovation for the automotive industry and the Internet of Things, with a global team of 1,400 experts.
YTD Price Performance: 12.75%
Average Trading Volume: 60
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $654.2M
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