Editing Twig Com (section)

== History ==
[[Image:BenefonLogo200.png|thumb|150px]]
In 1928, the Nordell & Koskinen radio factory was founded in the Finnish town of Salo. The factory later changed its name to [[Salora Oy|Salora]] and specialised in [[shortwave radio]]s, televisions and radio-phones. In 1979, when Salora and [[Nokia]] founded a joint company named [[Mobira]], the manufacturing of mobile phones started in Salo. After some time working with in conjunction with Nokia, Jorma Nieminen (who was at the time heading Nokia's mobile phone section) and two colleagues parted ways with Nokia, and decided to start their own company, called Benefon, in 1988.

In 2004, facing financial difficulties, Benefon entered [[bankruptcy]] protection and launched a re-organisation program. Benefon's efforts to create a niche market in GPS [[telematics]] had met with some success (especially in commercial security markets) but had not been enough for the company to remain viable. Benefon entered a financial partnership with Octagon Holdings LLC and other investors, involving tens of millions of euros of new investment. On June 21, 2005, Benefon CEO Tomi Raita announced that Benefon was out of bankruptcy protection, and that its re-organisation had successfully concluded. In 2006, Benefon launched a new line of [[GPS Phone|mobile phones with inbuilt GPS]] navigation under the "Twig" brand, including the "Twig Discovery", the "Twig Discovery Pro" and the "Twig Locator".<ref name=i4u>{{cite web|last=Lugmayr|first=Luigi|title=New Benefon TWIG GPS Mobile Phone|url=http://www.i4u.com/9345/new-benefon-twig-gps-mobile-phone|work=Feb 9 2006|publisher=i4u News|accessdate=26 February 2012}}</ref>

===Sale and management buyout===
In 2007, GeoSolutions acquired Benefon, later changing its name to GeoSentric, OYJ. In December 2011, GeoSentric divested the Twig mobile handset business inherited from Benefon. Twig's management team reportedly acquired ownership for the price of one Euro.<ref name=Technopolis /> Twig Com Ltd acquired the Twig business from GeoSentric. A purchase agreement was signed on 10 January 2011.<ref name=Twig>{{cite web|title=11 Jan 2011 Management buys TWIG safety and tracking products business|url=http://twigworld.com/pages/posts/11-jan-2011-management-buys-twig-safety-and-tracking-products-business40.php|work=TWIG News|publisher=Twig Ltd.|accessdate=25 February 2012}}</ref> Twig Com Ltd. "assumed all the liabilities and obligations of the former Benefon's handset business with regards to the transferring business, including its employees and assets".<ref name="Twig"/><ref name=Technopolis>{{cite web|last=Norros|first=Timo|title=GeoSentric's Mobile Handset Business Twig (Former Benefon) is Sold through Management Buyout for 1 Euro|url=http://www.technopolisonline.com/index/293?postId=1202|work=13 Jan, 2011|publisher=Technopolis Online|accessdate=25 February 2012}}</ref>