The coronavirus is claiming a new casualty in the business world.

Long presented as a promise of "French Tech", the start-up Sigfox, specializing in low-speed and low-power networks, has been placed in receivership, she announced on Wednesday.

"The Toulouse Commercial Court opened today, at the request of the Chief Executive Officer, receivership proceedings for the benefit respectively of Sigfox and its subsidiary Sigfox France SAS (operator in France), accompanied by an initial observation period 6 months,” said the start-up.

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" .

Some 350 employees

According to the company, its difficulties are linked to the health crisis “which has slowed down activity (in the sector) over the past two years, and a market for electronic components that has been in short supply for several months”.

These factors “have weighed heavily on the financial situation of the company and in particular on its level of indebtedness”.

With around 350 employees, Sigfox was founded in 2010 and is headquartered in Labège in Haute-Garonne, a town bordering Toulouse, 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.

Economy

In receivership, Caddy obtains a public loan of "several hundred thousand euros"

Lille

The manufacturer of kit furniture, Demeyere, placed in receivership

  • French Tech

  • Covid-19

  • Coronavirus

  • Toulouse

  • start-up

  • Legal redress

  • Economy

  • 0 comment

  • 0 share

    • Share on Messenger

    • Share on Facebook

    • Share on Twitter

    • Share on Flipboard

    • Share on Pinterest

    • Share on Linkedin

    • Send by Mail

  • To safeguard

  • A fault ?

  • To print

Keywords: