The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture of electrical, electronic and optical products Manufacture of computer, electronic and optical products 26 - Manufacture of computer, electronic and optical products
300 jobs Number of planned job creations
Announcement Date
22 October 2019
Employment effect (start)
15 October 2018
Foreseen end date
Description
Smaaart, a startup specialised in refurbished smartphones, has announced the recruitment of 300 employees, after raising funds to finance its development. Smaart obtained €2 million from the investment fund Quadia in partnership with the Belgian bank Degroof Petercam, and another €2 million from public funds, including the Occitanie Region, Ademe, BPI, DIRECCTE and private banks. Smaart is a brand owned by Sofi Groupe, which was transformed into a smartphone refurbishment plant in 2011 when it was acquired by six employees. Smaaart thus aims to recruit 300 employees and relies on its R&D department to develop innovative projects, such as new industrial products. Smaart stands out from the competition with a range of products guaranteed 24 months as new and a limited series of 100% Apple certified iPhones.
Eurofound (2019), Smaaart , Business expansion in France, factsheet number 98919, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98919.
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