Nokia has announced it will buy the French digital health company Withings for $191 million and fold it into its Nokia Technologies business.
The Finnish company will settle the deal in cash in the third quarter of 2016, and says it’s optimistic about the growing digital health sector as well as the Internet of Things space.
Ramzi Haidamus, president of Nokia Technologies said:
“Withings shares our vision for the future of digital health and their products are smart, well designed and already helping people live healthier lives. Combining their award-winning products and talented people with the world-class expertise and innovation of Nokia Technologies uniquely positions us to lead the next wave of innovation in digital health”.
Withings has already made a splash with several award-winning personal health devices such as a smart thermometer, the Go activity tracker, and some nicely-designed fitness watches such as the Activité.
As for how it fits into Nokia Technologies, it will be interesting to see how things progress – the business unit already launched such high-tech gadgets as the Ozo VR camera and an Android-based tablet called the N1.
Larry Banks is a keen follower of technology and finance. He has worked for a variety of online publications, writing about a diverse range of topics including mobile networks, patents, and Internet video delivery technologies.