Private equity group Advent International said on Sunday it has agreed to take over Switzerland's U-Blox Holding in a cash offer worth some 1.05 billion Swiss francs ($1.30 billion).
Advent said its public tender offer for U-Blox's shares would be carried out by its indirect subsidiary ZI Zenith.
The 135 Swiss francs per share offer represents a 53% premium to the undisturbed volume-weighted average share price of the last six months, Advent said in a statement with U-Blox.
