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Nokia to buy mHealth devicemaker Withings for EUR 170 mln
2016-04-26 09:20:00| Telecompaper Headlines
(Telecompaper) Nokia is expanding in the healthcare market with the acquisition of Withings, a French provider of digital health products and services. Healthcare is expected to be one of the largest vertical markets in the Internet of Things, Nokia noted. In particular mobile health, with a CAGR of 37 percent, will be the fastest growing healthcare segment from 2015-2020. Withings' portfolio of regulated and unregulated products includes activity trackers, weighing scales, thermometers, blood pressure monitors, and home and baby monitors. These products work over a digital health platform that provides insights to empower people to make decisions about their health and wellbeing. Nokia will pay EUR 170 million cash for the company.
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Category:Telecommunications