Nokia is Buying Withings for US $191 million
One would imagine that not a lot of strength is left in the once smartphone giant, Nokia. However, that clearly is not the case. The french health company Withings will become a part of Nokia technologies according to reports.
The acquisition will happen over the year for a total cost of US $191 million. The company looks at re-emrging as a consumer favorite brand after major demise and offloading of its smartphone division to Microsoft.
“Withings shares our vision for the future of digital health and their products are smart, well designed and already helping people live healthier lives,” said Ramzi Haidamus, president of Nokia Technologies. “Combining their award-winning products and talented people with the world-class expertise and innovation of Nokia Technologies uniquely positions us to lead the next wave of innovation in digital health.”
