u-blox AG / CH0033361673

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.

About u-blox u-blox (SIX:UBXN) provides semiconductor chips, modules, and IoT services that reliably locate and connect every thing. Our cutting-edge solutions drive innovation for the car of the future and the Internet of Things. Headquartered in Thalwil (Zurich), Switzerland, we have a global presence of 1,400 experts who enable our customers to build solutions for a precise, smart, and sustainable future.    Join us on social media - X, Facebook, YouTube, LinkedIn and Instagram. (www.u-blox.com)   About Trasna
Trasna is a global technology leader specializing in semiconductor and mobile IoT solutions. With more than 200 clients worldwide, it combines expertise in semiconductors, secure data management, edge computing, AI, and blockchain to create innovative, end-to-end solutions - from chip design and SIM manufacturing to over-the-air subscription and device management.  
It is a forward-thinking, technology-driven company considered more agile and leaner than traditional market players, providing value to its clients through security, efficiency, and innovation. From chip to cloud, it offers advanced solutions that connect people and devices at scale, enabling transformative experiences for mass IoT.
  www.trasna.io

Disclaimer
This release contains certain forward looking statements. Such forward looking statements reflect the current views of management and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the u blox Group to differ materially from those expressed or implied. These include risks related to the success of and demand for the Group’s products, the potential for the Group’s products to become obsolete, the Group’s ability to defend its intellectual property, the Group’s ability to develop and commercialize new products in a timely manner, the dynamic and competitive environment in which the Group operates, the regulatory environment, changes in currency exchange rates, the Group’s ability to generate revenues and profitability, and the Group’s ability to realize its expansion projects in a timely manner. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this report. u blox is providing the information in this release as of this date and does not undertake any obligation to update any forward looking statements contained in it as a result of new information, future events or otherwise.