Nokia is diving into the digital health market with plans to acquire French fitness gadget maker Withings. After selling off its mobile phone and Here maps division around two years ago, Nokia also purchased Alcatel-Lucent last year for a sum of $16.5 billion. These moves show how the Finnish company is focusing on the future with eyes on the Internet of Things (IoT) and the 5G segment.
Withings was founded in 2008 and has since released a number of connected healthcare devices including, but not limited to, fitness trackers, smart watches, thermometers and blood pressure monitors. The company has developed more than 100 apps and is primarily known for its Aura connected alarm clock and Wi-Fi Body Scale.
The proposed $192 million deal is expected to close later this year pending approval by regulators.