The Toulouse Commercial Court has finally ruled this Thursday afternoon on the future of Sigfox. The start-up based in Labège, which employs 192 people, had been placed in receivership on January 26 last. The takeover offer validated by the court is the one from Unabiz, Singapore-based operator. “It’s good news”according to Antoine Maier, employee representative and CSE representative at Sifox SA.
The offer was agreed between the management, the Social and Economic Committee which represents the employees and the judicial administrators since the launch of the procedure. It must be said that its founder Henri Bong knows the file well for having been part of the Sigfox adventure from the start. The latter also carries the offer that counts includes the most employees, i.e. 127 of the 192 employeesahead of offers from the industrial Oteis or Actility, another low-speed network.
Created in 2010, Sigfox, which has long been presented as a promise of “French Tech”, accuses since the Covid crisis a debt of 150 million euros. The decision had been postponed for a week last Thursday. the Ministry of the Economy had to give its agreement since, it is the procedure, the selected offer comes from a structure based abroad.