u-blox to divest Cellular business to Trasna

Thalwil, Switzerland – 17 March 2025 – u-blox (SIX: UBXN), a global provider of leading positioning and wireless communication technologies and services, has signed an agreement to divest its Cellular business[1] to Trasna, for an undisclosed amount. The transaction is expected to close in Q2 2025, subject to customary closing conditions.

This strategic move, as communicated in January 2025, reinforces u-blox’s commitment to sharpening its focus on its core positioning technologies. The agreement with Trasna ensures continuity for the Cellular business, providing a strong platform for future growth under new ownership.

Stephan Zizala, CEO of u-blox, commented: “We are pleased to have reached this agreement with Trasna, which allows us to further concentrate on our core business while ensuring a promising future for the Cellular business unit. We are confident that under Trasna’s leadership, the business will be well-positioned for success, and we are pleased that our talented Cellular team will have the opportunity to continue their work and drive innovation.”

Stéphane Fund, CEO of Trasna, stated: “This acquisition marks a significant milestone for Trasna as we expand our capabilities in cellular technology. We see tremendous potential in building upon the strong foundation established by taking over u-blox’s cellular module portfolio and team, and we are committed to investing in innovation and delivering cutting-edge solutions to our customers. We look forward to welcoming the talented Cellular team and working together to drive the business forward.”

u-blox confirms the previously communicated non-cash restructuring charge of CHF 39 million. However, as a result of this transaction, the restructuring and transaction costs will be reduced to around CHF 4 million, from the CHF 26 million previously communicated.

u-blox also confirms its guidance for Q1 2025 of revenue of CHF 65 - 75 million, and cash EBIT margin (adjusted) of -12% to -2%, reflecting a gradual business recovery.

u-blox continues to expect market conditions to gradually improve in 2025. Orders from customers show steady improvement. In 2025, u-blox expects for the business excluding Cellular:

• Sequential quarterly improvement
• Double digit revenue growth in Locate and Short-Range

Webcast

u-blox will host a brief session to discuss the transaction today, 17 March 2025, at 14:00 CET. To register, please visit the webcast registration page.