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u-blox Holding AG ( (CH:UBXN) ) just unveiled an update.
u-blox has divested its dual mode cellular-satellite communications business to Trident IoT, Inc., as part of its strategic focus on its Locate business. This move allows u-blox to concentrate on its core competencies while ensuring continuity for its customers and innovation in satellite communication technologies. The acquisition positions Trident IoT to leverage growing opportunities in the IoT industry, enhancing its market presence with proven technology and expertise.
More about u-blox Holding AG
u-blox is a global leader in automotive, industrial, and consumer markets, specializing in positioning and short-range communication technologies. The company is known for its high-precision technologies that enable precise positioning and wireless communication for people, vehicles, and machines. Headquartered in Thalwil, Switzerland, u-blox has a significant presence across Europe, Asia, and the USA.
YTD Price Performance: -1.43%
Average Trading Volume: 75
Technical Sentiment Signal: Strong Buy
Current Market Cap: $583.2M
See more data about UBXN stock on TipRanks’ Stock Analysis page.
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