Nokia Loads a Health App with Withings Buy
Helsinki: Nokia has struck a deal to buy France’s Withings for 170 million ($191 million) in its first move into the market for digital products that monitor health.
Withings’ products include activity trackers, weighing scales, thermometers, blood pressure monitors and baby monitors built on a digital platform. “We have said consistently that digital health was an area of strategic interest to Nokia, and we are now taking concrete action to tap the opportunity in this large and important market,” Nokia CEO Rajeev Suri said.
Withings has about 200 employees. The deal is expected to close in the third quarter.
The Withings deal is expected to close in the third quarter