Nokia completes Digital Health business sale

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)


#Google #Android #Smartphones #OS #News @ndrdnws #ndrdnws #AndroidNews

Popular Posts:

Waze’s incident reporting is coming to Google Maps on Android

These are the HTC handsets getting a Marshmallow upgrade

Email lists 100% VALID - Any country in the world

Samsung Galaxy J2 Core manual shows a customized Android Go phone

Google Maps tests directions screen with refreshed Material Design, rolls out For You tab to 130 countries