Digital Health business unit established to offer wide range of connected products from trackers to blood pressure monitors
Nokia has completed its ‚¬170 million (£131.7 million) acquisition of connected health company Withings.
The deal, which was first announced on April, was due to be finalised in Q3, but has been accomplished sooner than expected.
As a result, Nokia Technologies has established a new Digital Health business unit led by former Withings CEO CÃ©dric Hutchings.
This team combines employees from Withings and experts from the preventative health and patient care teams at Nokia Technologies.
It offers a range of digital health products such as activity trackers, smart body analyser scales, thermometers, blood pressure monitors and home and baby monitors.
Nokia Technologies president Ramzi Haidamus said: “This is the beginning of an exciting new chapter in the history of Nokia Technologies as we extend our product portfolio to include a series of powerful digital health technologies.
“The Nokia brand is synonymous with innovation, connectivity and consumer technology and the acquisition of Withings puts us in a perfect position to capitalise on the huge opportunity in the health space.”
Nokia Technologies will also be hosting an invitation-only event in San Francisco on June 9 to share its vision for digital health and showcase its products, coinciding with the opening of its office in the Bay Area of the city.