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Nokia to sell Digital Health business to Withings co-founder Carreel

2018-05-02 16:18:00| Telecompaper Headlines

(Telecompaper) Nokia announced that it entered into exclusive negotiations for the sale of its Digital Health business, following a strategic review announced in mid-February. The company had expanded into the healthcare market in April 2016, acquiring French start-up Withings for EUR 170 million and integrating it within its Nokia Technologies operations. Two years on, it now plans to resell the assets to Withings' co-founder Eric Carreel for an undisclosed sum.

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