[March 07, 2009] Sagem to Buy Broadband and WiMAX Business of Gigaset Tweet Mar 06, 2009 (Close-Up Media via COMTEX) -- Sagem Communications has entered into an agreement to acquire the Broadband and WiMAX business of Gigaset Communications, a subsidiary of Arques Industries and Siemens. According to a release, this should be the first acquisition for Sagem Communications since being acquired by The Gores Group, a US-based private equity firm, in January 2008. The addition of the Broadband and WiMAX assets of Gigaset should enable Sagem Communications, in accordance with its strategy, to enhance its position as a provider of broadband products and to gain access to new technologies and customers. Sagem Communications has 6,570 employees worldwide, and posted sales of 1.3 billion euros in 2008. Through the transaction, Gigaset Communications would strengthen its core business as a European provider for cordless DECT phones. "This acquisition should reinforce Sagem Communications objective to become a world provider of broadband terminals, convergence and digital home solutions," said Patrick Sevian, President of Sagem Communications. "We firmly believe that the global customer footprint and the excellent R&D capabilities of Gigaset will significantly enhance our positioning and the value we provide to our customers." "The voice business is our core competence and the foundation of our market leadership. That is why we focus on our strengths as a well established, modern and innovative manufacturer of telephones," said JosE Costa e Silva, CEO of Gigaset Communications. "We are delighted that with Sagem Communications we have found a proficient and well positioned partner in the broadband business." ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]