FRANCE - Sofinnova acquires mobile manufacturer Sagem
Sofinnova has acquired mobile phone manufacturer Sagem from Saffran Group.
Following the transaction Sofinnova will hold a 90% stake in the company with Safran retaining the balance.
Headquartered in Cergy-Pontoise, the new company will be named Sagem Wireless and will develop and market products under other brand names. Pasquale Pistorio will be brought in a chairman.
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