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.