Nokia Specializing in Digital Health Products

Nokia announced its intention to acquire Withings, a French company specializing in digital health products, in an effort to enter the market for wearable health monitors.

The Finnish company said in an official statement that Withings, which has indicated that it also provides services aimed at helping people around the world reach a healthier, happier and more productive life, will become part of the Nokia Technologies sector.

On his part, Nokia’s President and CEO Rajiv Suri said, “We have always said that digital health is an area of ​​strategic importance for Nokia, and we are now taking concrete measures to take advantage of opportunities in this important and important market.”

Suri added that with this deal, Nokia will strengthen its position in the field of “Internet of Things” in a way that takes advantage of the strength of its “trusted” brand, and in a manner that is commensurate with the company‘s goals in expanding human capabilities in the world connected to the Internet.

And Nokia, which was previously the largest mobile phone company in the world and then had to sell this sector to Microsoft nearly two years ago for $ 7.2 billion, pointed to WHO figures that confirm that cardiovascular disease has become the primary cause of death, and the spread of disease Adult diabetes.

The company also indicated that the healthcare sector is expected to become the largest market for “Internet of Things“, as analysts expect that health services on smart devices will be the fastest growing in this area between 2015 and 2020.

Nokia estimated the value of the acquisition of the French company at 170 million euros ($ 191 million), and the deal is expected to be completed at the beginning of the third quarter of this year after obtaining regulatory approvals.

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Nokia announced its intention to acquire Withings, a French company specializing in digital health products, in an effort to enter the market for wearable health monitors.

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