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u-blox AG Zürcherstrasse 68 8800 Thalwil, Switzerland http://www.u-blox.com
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u-blox AG

u-blox announces agreement to acquire Neonseven

Company sets course for next stage of corporate strategy with wireless communications solutions

(PresseBox) (Thalwil, Switzerland, )
u-blox Holding AG today announced that u-blox AG has entered into an agreement, subject to the fulfillment of customary closing condition, to acquire Neonseven SpA, headquartered in Sgonico near Trieste, Italy, for up to Euro 9.3 million, fully paid in cash. Neonseven is a design house for wireless telecommunications devices for consumer, automotive and industrial OEMs.

Neonseven has extensive experience in providing wireless communications solutions and offers services in the area of component evaluation, platform and feature development, testing services, product support and product maintenance. Since its foundation in 2003, Neonseven cooperates closely with Infineon in the design and development gt hslvlqmv, agxvislxc gvi qc cbx vpqszwv xs ekexkbpirr.

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