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Sagemcom
Company typeSimplified joint-stock company (SAS)
IndustryTelecommunications
Founded2007
Area served
Worldwide
Key people
Patrick Sévian (President)
ProductsHigh-value communication terminals
RevenueIncrease €3 billion (2022)
OwnerCharterhouse Capital Partners (70%) Employees (30%)
Number of employees
7,500 (2022)
Websitewww.sagemcom.com

Sagemcom, formerly Sagem Communications, is a French company specializing in high-value communication terminals. The company is headquartered in Bois-Colombes, in the Hauts-de-Seine department, where it also operates an R&D center.

It is 70% owned by the British fund Charterhouse Capital Partners LLP and 30% by its employees, more than 50% of whom are shareholders.

History

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The Sagem Era

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A Sagem Livebox.

In 1991, Sagem manufactured decoders for Canal+, the first French pay-TV channel.[1]

In 1996, Sagem launched the Phonefax, a fax machine for the mass market. The following year, Sagem's satellite decoder enabled TPS, a television operator, to launch the first satellite TV package in France.[2]

Sagemcom originated from Sagem's telecommunications division, which merged with Snecma in 2005 to form the Safran Group. These activities were later organized under Sagem Telecommunications alongside Sagem Mobiles.[N 1]

Sale of Sagem Communications

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In 2008, following an LMBO transaction, Safran sold Sagem Communications to The Gores Group. The group was majority-owned by the investment fund, alongside its employees.

In July 2009, Sagem Communications acquired the broadband and WiMAX business of Gigaset Communications, a subsidiary of ARQUES Industries and Siemens.

Sagemcom

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In 2010, Sagem Communications became Sagemcom and reorganized into three main divisions: Sagemcom Documents, Sagemcom Broadband, and Sagemcom Energy & Telecom. That year, its urban traffic systems, including traffic lights, were sold to Aximum (a subsidiary of Colas).[3]

In February 2011, Sagemcom announced a partnership between its customer service subsidiary TR2S and Cordon Electronics, a French group specializing in communication product repairs. By July 2012, Cordon Electronics fully acquired TR2S.

In August 2011, Carlyle Group became the majority shareholder (70%), while employee ownership increased to 30%.[4][5]

In October 2016, Carlyle Group sold its shares to Charterhouse Capital Partners LLP.[6]

In 2017, Sagemcom strengthened its energy sector presence with the acquisition of Meter Italia. In 2018, it acquired a 20% stake in Otodo, a startup specializing in smart home solutions.

On January 14, 2020, Sagemcom unveiled a new Wi-Fi 6 box for Bouygues Telecom.[7]

References

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  1. ^ "L'homme Faurre de la Sagem". Le Point.
  2. ^ Cite error: The named reference :0 was invoked but never defined (see the help page).
  3. ^ "Aximum Press Release - Expert Group in Traffic Safety". Aximum. Archived from the original on February 14, 2015. Retrieved August 21, 2015.
  4. ^ "Carlyle Group Acquires Sagemcom". Les Echos. June 15, 2011.
  5. ^ "Sagemcom Acquired by Carlyle Group". August 20, 2011.
  6. ^ "The Carlyle Group Closes Sale of Sagemcom to Charterhouse". Sagemcom. October 3, 2016.
  7. ^ "How Bouygues Telecom Designed Its New Internet Box with Sagemcom". Usine Nouvelle. January 14, 2020.
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