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u-blox closes the stock purchase agreement with the shareholders of Neonseven SpA successfully

(PresseBox) (Thalwil, Switzerland, ) u-blox Holding AG today announced that u-blox AG has successfully closed the stock purchase agreement with the shareholders of Neonseven SpA, headquartered in Sgonico near Trieste, Italy. The details of the acquisition were previously announced on 25th of February 2009.

About u-blox AG

u-blox is a fabless semiconductor positioning solutions provider for the automotive, mobile communications and infrastructure markets. u-blox develops chips and complete modules based on Global Navigation Satellite Systems (GNSS) including GPS and GALILEO. Founded in 1997 and headquartered in Switzerland, the u-blox group is listed on the SIX Swiss Exchange and has offices in the USA, in Singapore, Hong Kong, China, Taiwan, Korea and Japan. For more information, please visit www.u-blox.com.

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