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Nokia completes Digital Health business sale

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Yordan 31 May 2018

Nokia Withings Other

Nokia announced today that the deal for the Digital Health business was closed with Withings. The Finnish company sold the division back to its previous owners for an undisclosed sum. The licensing business of Nokia Technologies will not be affected, the current devices will keep selling, but new gadgets will sold under the Withings brand.

Back in 2016 Nokia bought the French startup for €170/$192 million, but after the unimpressive performance and switching its internal focus, it decided to sell it. Instead of developing gadgets for the user market, Nokia will focus on medical data and connected health market.

Around 200 people work for Withings, most of them based in the HQ south of Paris, France. There are also employees in the US and Asia, and the change of ownership will hurt none of them, Carreel stated in a press release.

Source (in French)

Related articles
  • Nokia to consider the future of its Digital Health business Nokia to consider the future of its Digital Health business
  • Nokia set to acquire Withings for €170 million Nokia set to acquire Withings for €170 million
  • Nokia in talks to sell its Health Division back to its former owner Nokia in talks to sell its Health Division back to its former owner
  • New Withings Body Cardio smart scale measures essential heart stats New Withings Body Cardio smart scale measures essential heart stats

Reader comments

T
  • Tom
  • 8xG
  • 02 Jun 2018

Networks, that's what Nokia does well. And poaching money from Apple... they really excell at that.

  • Reply
  • vrvly
  • g5f
  • 01 Jun 2018

Again giving up on users. As if wearables are not made with health in mind.

  • Reply
G
  • Gapps are bloatware
  • NvR
  • 01 Jun 2018

Nokia should make ultrabooks next.

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 5

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