Nokia last week announced plans to sell its Digital Health business back to Éric Carreel, co-founder and former chairman of Withings, after buying it in 2016 for for 170 million euros ($204m) and rebranding all Withings products as Nokia Health devices in February 2017.
Nokia said that the sale is expected to be completed by the end of the second quarter this year.
Nokia announced a review of strategic options for the Digital Health business in February 2018. The planned sale is part of Nokia's honed focus on becoming a business-to-business and licensing company.
Digital Health's business portfolio includes consumer and enterprise products, and it manufactures and sells an ecosystem of hybrid smart watches, scales and digital health devices to consumers and enterprise partners.
