MobiWire SAS was created in July 2011 with an equity investment from MobiWire Mobiles Ningbo Co LTD, formerly Sagetel Mobiles of Ningbo, China, after Sagem Wireless had gone into bankruptcy when it was majority owned by Sofinnova.
Since then, MobiWire SAS has shifted its focus to mid- to high-range smartphones and cash payment terminals, as an original design manufacturer for main European mobile network operators and retailers.
Sagem Wireless was launched in January 2009 with investment from Sofinnova, with Thierry Buffenoir as CEO.
As an independent company, Sagem Wireless undertook a shift in strategy away from the traditional original design manufacturer space of operator-branded low-range handsets and toward the design, development, and delivery of customized mid- and high-range mobile devices for global lifestyle brands and mobile operators.
[1] On July 22, 2011, following recovery proceedings, Sagetel Mobiles made an equity investment and a partial assets transfer relying on the support of the employees and management.