Nokia will purchase Withings for $191 million
Nokia has introduced that it may purchase Withings for €one hundred seventy million ($191 million). The French well being and wearables firm will turn out to be a division of Nokia Applied sciences, house to the Ounces Digital camera and N1 Pill. It is one other step in the direction of Nokia’s re-emergence as a shopper model after Microsoft purchased its telephone division in 2013. In a press release, Nokia’s Ramzi Haidamus stated that his firm is now uniquely positioned “to steer the subsequent wave of innovation in digital well being.” Withings CEO Cedric Hutchings agrees, saying that he was “excited to hitch Nokia to assist deliver our imaginative and prescient of related well being to extra individuals all over the world.”
Given the top quality and ease-of-use that you simply discover in most Withings merchandise, $191 million looks like a complete discount. The acquisition itself is not a lot of a shock, since Nokia stated that it needed to department out into well being and wearables again in October. The all-money deal is predicted to shut within the third quarter of 2016, and we’re excited to see what the longer term holds for the brand new partnership.