Nokia to buy French health gadget maker Withings for $191 million

Nokia logoNokia has confirmed plans to acquire French smart watch and fitness gizmo maker Withings for £132 million (~€170 million, $190 million) in an all-cash offer.

After selling off its mobile phone business and Here maps division, Nokia seems to be returning to consumer-facing products once again with its planned buyout.

France-based Withings was founded in 2008, and since then has released a number of connected health appliances, including smart watches, fitness trackers, thermometers, and baby monitors, among other gadgets.

If the proposed acquisition is approved by regulators, Withings will become part of Nokia Technologies—the digital media, brand licensing, and patent licensing arm of the Finnish company. Nokia Technologies recently launched its Ozo VR camera, which comes with a whopping £43,000 price tag.

Nokia to buy French health gadget maker Withings for $191 million

Nokia has been strategically re-positioning the company towards the Internet of Things and 5G tech, while at the same time confirming plans to axe more than 1,000 jobs on its home turf following its merger with French network kit vendor Alcatel Lucent.

"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," said Nokia CEO Rajeev Suri.

Withings—which has raised roughly £23 million in funding to date—is expected play a role in "the ongoing renewal" of Nokia Technologies' intellectual property portfolio, Nokia said. Withings co-founder and CEO Cédric Hutchings told existing customers that the company's "applications and products will continue to work in the same way."

He also hinted at what his team will focus on within Nokia: "We’ve been impressed with the plans the Nokia team has shared with us both for Preventive Health and Patient Care. As soon as we close the deal, we can start working together to determine our way forward as one team with a broad but focused portfolio of incredible products and innovations."

Nokia's planned takeover of Withings is expected to close in the third quarter of this year.

Source: Ars Technica

Tags: Nokia

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

Galaxy Note10 really is built around a 6.7-inch display
You may still be able to download your content
Facebook, Messenger and Instagram are all going away
Minimize apps to a floating, always-on-top bubble
Japan Display has been providing LCDs for the iPhone XR, the only LCD model in Apple’s 2018 line-up
The 2001 operating system has reached its lowest share level
The entire TSMC 5nm design infrastructure is available now from TSMC
The smartphone uses a Snapdragon 660 processor running Android 9 Pie
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 / 2
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /

News Archive



Do you use microSD card with your phone?
or leave your own version in comments (15)