News Articles

Tuesday, April 26, 2016

Nokia plans to acquire digital health specialist Withings

Technology business and former mobile pioneer Nokia says it’s planning to acquire digital health company Withings S.A this autumn. It’s put a value of €170 million (£132 million) on Withings, saying the move will help accelerate its entry into the digital health sector.

Rajeev Suri, president and CEO of Nokia, said "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. With this acquisition, Nokia is strengthening its position in the Internet of Things in a way that leverages the power of our trusted brand, fits with our company purpose of expanding the human possibilities of the connected world, and puts us at the heart of a very large addressable market where we can make a meaningful difference in peoples' lives."   

Withings was founded in 2008 and is based in France, with approximately 200 employees worldwide. It makes a wide range of health-related electronic products including activity trackers, weighing scales, thermometers, blood pressure monitors and baby monitors.

[Nokia blog post; Withings statement]

Print
Author: The Fonecast
0 Comments
Rate this article:
2.0

Categories: Handsets and manufacturers, Applications, NewsNumber of views: 757

Tags: nokiahealthwithings

Please login or register to post comments.

Name:
Email:
Subject:
Message:
x

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«September 2016»
MonTueWedThuFriSatSun
2930311234
567891011
12131415161718
19202122232425
262728293012
3456789

Archive

Terms Of Use | Privacy Statement