the start-up Sigfox ex promise of “French Tech”, in receivership
The start-up Sigfox, specializing in low-speed and low-power networks, has long presented itself as a promise of “French Tech”, has been placed in receivership. In 2015 it was world number 1 in connected objects,
6 months observation
“The Toulouse Commercial Court opened today, at the request of the CEO, a receivership procedure for the benefit respectively of Sigfox and its subsidiary Sigfox France SAS (operator in France), accompanied by an initial observation period of 6 months”, indicates the start-up in a press release.
This period of “observation should make it possible to identify, thanks to the implementation of a transfer plan, new buyers with the capacity to work for the long-term development of Sigfox and to propose the maintenance of jobs” , she explains.
Consequences of the pandemic
Sigfox explains its difficulties by the health crisis “which has slowed down activity (in the sector) over the last two years, and a market for shortage of electronic components for several months”. These factors “have weighed heavily on the financial situation of the company and in particular on its level of indebtedness”, she adds.
Compliant environment 350 employeesSigfox was founded in 2010 and its head office is located in Labège (Haute-Garonne) with offices in Boston, Dallas, Dubai, Madrid, Paris, Sao Paulo, Singapore and Tokyo.
In turmoil for nearly 18 months, the company carried out a departure plan for 47 employees, including 25 voluntary departures, in September 2020. Its co-founder Ludovic Le Moan then ceded his position as CEO in February 2021. With AFP