Ublox - Fastrax
Switzerland
Finland
About the transaction
Fastrax, located in Espoo, Finland, is a leading developer of high performance GNSS receivers and software GNSS solutions. Corum Group represented Fastrax in its sale to u-blox, the global leader in positioning and wireless semiconductors and modules for the consumer, industrial and automotive markets.
The combination of these two industry leading companies reaffirms u-blox’s commitment to staying on top of the global positioning market and delivering its customers the best available solutions worldwide.
We worked with the Corum team from start to finish, beginning with the management of our response to the unsolicited approach from a non-European buyer, to positioning of the company and on to introducing it to other potential acquirers around the globe, to negotiating the various proposals and through to closing. Corum was paramount in getting our transaction done.
