Nokia has just announced that they are acquiring Withings that will help them to accelerate entry to Digital Health Market for $190 million which will be paid in cash!
After acquiring Withings, a company with 150-200 employees will work under Nokia Technologies. Nokia will be creating new digital gadgets which will help people to track their heath and work. Withings has already created many gadgets such as Activité fitness tracker , an e-ink screen smart pedometer and easy-to-use digital thermometer.
Nokia in their blog post:
We have said consistently that digital health was an area of strategic interest to Nokia, and we are now taking concrete action to tap the opportunity in this large and important market,” said 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, and puts us at the heart of a very large addressable market where we can make a meaningful difference in peoples’ lives.
Nokia on Withings in their blog post:
“Since we started Withings, our passion has been in empowering people to track their lifestyle and improve their health and wellbeing,” said Cédric Hutchings, CEO of Withings. “We’re excited to join Nokia to help bring our vision of connected health to more people around the world.”
As this statement is given by Official Nokia Blog but its not confirmed that it has acquired Withings. The Nokia brand continues to be recognized, valued and trusted by consumers, built on a heritage of beautifully designed, innovative and reliable technology in the service of people around the world to help real human needs.
We will let you know more about this topic! Stay Tuned!
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