Vendor lineage
Sagemcom - the box in the house nobody chose
French manufacturer of broadband gateways, set-top boxes and meters, carved out of Safran in 2008.
Sagemcom builds customer premises equipment: the broadband gateway an operator installs in a home, the television set-top box beside it, and the smart meter outside. It was carved out of Safran in 2008 in a leveraged management buyout, and descends from Sagem, a French manufacturer dating to 1924.
Customer premises equipment is the largest category of networking hardware in the world by unit count and the least examined. Almost nobody selects the box on their own wall: an operator chooses it, ships it, configures it remotely and replaces it on its own schedule. The specifications it is built to are the operator’s, which is why the equipment on this timeline that people actually own is usually the equipment they know least about.
That arrangement decides more than it appears to. The gateway is where a household’s network address, wireless channel, firewall behaviour and often its resolver are set, so a very large number of the decisions this site writes about are made once, by a supplier and a carrier together, for millions of homes at a time.
The corporate detail worth recording is ownership. It has been through five successive leveraged buyouts since the carve-out, and throughout them roughly thirty per cent of the capital has been held by its own employees. Most of the carve-outs on this timeline ended with the staff owning nothing, which makes this one worth stating rather than assuming.
- Sagemcom (Wikipedia): the activities descend from Sagem, which merged with Snecma in 2005 to form Safran; in 2008, following a leveraged management buyout, Safran sold Sagem Communications to The Gores Group and the company became majority-owned by the investment fund and its employees; Charterhouse Capital Partners later took the majority; in 2020 it unveiled a Wi-Fi 6 box for Bouygues Telecom after developing a new box for SFR
- Sagemcom - about us: a French industrial group supplying communicating terminals for the broadband, audio video and energy markets, designing and manufacturing through its own factories and industrial partners; 6,500 employees across more than 50 countries; 30% of the capital is owned by its employees; in leveraged buyout since the 2008 carve-out from Safran, and in its fifth such phase from 2024 with Charterhouse as major shareholder
- The Gores Group case study: in January 2008 Gores carved Sagem Communications out of Safran; the company specialises in digital television set-top boxes, broadband residential terminals and printing terminals