Nokia has announced that it will acquire French health and wearables company Withings. The deal is worth €170 million (approx. $191 million), and it will help Nokia “lead the next wave of innovation in digital health.”
Withings, which was launched in 2008, made a big name for itself with its Activité watches, which offer fitness tracking in a more traditional analog form, unlike most other smart wearables. It also offers a surveillance camera, smart scales, thermometers, and more.
“Today we can proudly say we are leading the connected health revolution, inventing smart, beautiful things to give people the knowledge they need to live happier, healthier lives,” said Withings CEO Cédric Hutchings.
“When we were approached by Nokia, it was inspiring to discover how perfectly aligned our visions are. Together, we believe we can truly transform the world.”
Withings will become a division of Nokia Technologies, which is responsible for the Android-powered N1 Tablet, and the new Ozo virtual reality camera. Hutchings insists that existing Withings products and apps will continue to work as expected.
Nokia had already revealed it wanted to offer wearables in the future, so this acquisition makes perfect sense. The Finnish firm has been a little quiet since selling its smartphone business to Microsoft in 2013, but this is proof it is determined to become a big name again.