u-blox Holding AG (SWX:UBXN) agreed to acquire short range modules business from lesswire AG on December 2, 2014. The acquisition includes automotive-grade Bluetooth and Wi-Fi module products and a team of key engineers from lesswire. lesswire's module operations in Berlin will become a u-blox product center for automotive-grade short range radio modules. The transaction is subject to customary closing conditions.

u-blox Holding AG (SWX:UBXN) completed the acquisition of short range modules business from lesswire AG for CHF 7.8 million on December 2, 2014. Out of the consideration, 7.46 million is paid in 2014 and 0.36 million will be paid in 2015. The asset will be transferred in the new founded Company u-blox Berlin GmbH in 2015.