Nokia plans to acquire Withings, a French connected health startup for EUR 170 million (USD$191 million) to accelerate entry into Digital Health. The acquisition will significantly boost Nokia's portfolio of wearables and fitness devices.
Withings was founded by Chairman Eric Carreel and CEO Cedric Hutchings in 2008 and is headquartered in France, with approximately 200 employees across its locations in Paris, France, Cambridge, US and Hong Kong. Withings' portfolio of regulated and unregulated products includes activity trackers, weighing scales, thermometers, blood pressure monitors, home and baby monitors and more, and is built on a sophisticated digital health platform, providing insights to empower people to make smarter decisions about the health and wellbeing of themselves and their families. Withings' products are complemented by an ecosystem of more than a hundred compatible apps.
Rajeev Suri, president & CEO of Nokia
With this acquisition, Nokia is strengthening its position in the Internet of Things in a way that leverages the power of our trusted brand, fits with our company purpose of expanding the human possibilities of the connected world.
Cédric Hutchings, CEO of Withings
Since we started Withings, our passion has been in empowering people to track their lifestyle and improve their health and wellbeing. We're excited to join Nokia to help bring our vision of connected health to more people around the world.
