Nokia officially steps into the health and fitness market
Nokia has officially finalized its $190 million deal to acquire smart health and fitness device maker Withings, according to TechCrunch.
Withings’ main products include fitness trackers, a connected blood pressure monitor, a connected scale, and a device that monitors home security.
Nokia plans to build a new Digital Health business unit, and Withings CEO Cedric Hutchings will lead the division. The unit will mix 200 Withings employees with Nokia’s current patient care team that is developing patient monitoring solutions, according to a press release.
The purchase should enhance Nokia’s presence in the surging medical technology industry. The company recently sold most of its phone business to Microsoft and is working to carve out a piece of the med tech market.
Global spending on medical technology is…
Read the entire article from BusinessInsider here: Nokia officially steps into the health and fitness market