u-blox AG

U-blox is active in the development of chipsets and modules for GPS devices (production outsourced). In October 2007 the spin-off went public. Of 6.2 million shares outstanding 2,6 million shares were issued to SIX at a price of 51 CHF and traded at an opening price of 60 CHF (+17%) leading to a market cap of around 374 MCHF. One goal of the IPO was to facilitate the implementation of the company's growth strategy. As of 2017 u-blox remains based in Thalwil.