Advent Completes $1.3 Billion Acquisition of u-blox Holding AG
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Advent International has completed its $1.3 billion acquisition of Swiss semiconductor company u-blox Holding AG. Canyon Partners, LLC anchored the debt financing for the deal. u-blox, known for its precision positioning and communication technologies, is expected to benefit from Advent's expertise. The acquisition positions u-blox to capitalize on global demand for secure connectivity and precision technologies. Canyon Partners expressed confidence in Advent's ability to drive innovation and growth for u-blox.
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