Safran sells Sagem Mobiles to a VC firm; The handset maker becomes Sagem Wireless
...Sofinnova. The disposal would cost Safran 220 million EUR, but it would retain a 10% stake in the new company, which will be known as Sagem Wireless
Apparently, Safran which was formed in 2004 via a merger between Sagem and engineering company Snecma has been looking to spin off Sagems handset business for years to refocus on its core...



