Health tech is Nokia's next gambit as it looks intent to snap up Withings
Former mobile giant cum wireless network specialists Nokia have set down a waypoint in its new drive to diversify its business with plans to acquire digital health firm Withings.
The Finnish company claims it is looking to accelerate its “entry into digital health” with the $191m deal.
Withings is a company known for creating “smarter products for healthy living”, all powered by the internet of things – hinting that Nokia is looking to enter the wearables market on the back of its wireless expertise.
Cédric Hutchings, Withings chief executive, said: “The Nokia vision of creating beautifully designed products that blend seamlessly into the everyday lives of real people echoes exactly the same sentiment; we have a solid shared ground to build on.”
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.
Withings has around 200 employees across Paris, France, Cambridge, US and Hong Kong. It’s products include an activity tracker, weighing scales, thermometers, blood pressure monitors, and home and baby monitors.