Nokia Technologies buys Withings to boost digital health offering

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Nokia Technologies is looking to build a digital health business with the acquisition of French company Withings.

“We have said consistently that digital health was an area of strategic interest to Nokia, and we are now taking concrete action to tap the opportunity in this large and important market,” Nokia CEO Rajeev Suri said in a statement. “With this acquisition, Nokia is strengthening its position in the Internet of Things in a way that leverages the power of our trusted brand, fits with our company purpose of expanding the human possibilities of the connected world, and puts us at the heart of a very large addressable market where we can make a meaningful difference in peoples’ lives.”

Withings makes, among other things, a Wi-fi connected scale and fitness-tracking wearables, such as the Activitie Watch.