Nokia to buy health tracking firm Withings for $191 Million

Nokia to buy health tracking firm Withings for $191 Million

Nokia to Buy Health Tracking Firm Withings for $191 Million

HIGHLIGHTS
Nokia on Tuesday had struck a deal to shop for Withings S.A. for $191 million.
Withings includes Nokia’s digital reality digital camera and its tablet pc.
Nokia in 2014 bought its handset commercial enterprise to Microsoft.
Finnish cell network system maker Nokia stated on Tuesday it had struck a deal to buy France’s Withings S.A. for EUR a hundred and seventy million ($191 million or kind of Rs. 1,271 crores) in its first pass into the market for virtual merchandise that screen health.

Withings’ products consist of hobby trackers, weighing scales, thermometers, blood strain video display units and child video display units built on a digital platform.

we’ve said consistently that digital health become an area of strategic hobby to Nokia, and we’re now taking concrete movement to tap the possibility in this huge and important market,” Nokia CEO Rajeev Suri said in a assertion.

as soon as the world‘s largest cell cellphone maker, Nokia in 2014 bought its handset enterprise to Microsoft and completed a string of other deals that left it targeted on community tools.

Withings may be part of the organization‘s small Nokia technologies unit which includes its patent portfolio and some client products, including a digital reality digital camera and a Nokia-branded pillcomputer made by means of a 3rd celebration.

Withings has approximately 2 hundred personnel. The deal is expected to close within the 1/3 area.

© Thomson Reuters 2016

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Tags: Microsoft, Nokia, Wearables, Withings