Nokia has completed the acquisition of Withings earlier than expected. While earlier it was supposed to be done by end of June, it seems synergies have been achieved sooner than expected and Withings team is all set to join Nokia to establish Nokia’s new Digital Health business unit. As we reported earlier via an interview of Ramzi Haidamus the Nokia Digital Health team will be led by Withings’ CEO, Cédric Hutchings.
Withings’ acquisition brings Digital Health product line including activity trackers, smart body analyzer scales, thermometers, blood pressure monitors, home and baby monitors and more to Nokia.
Read the full press release below,
Nokia today announced that it has closed the acquisition of Withings S.A. earlier than had been expected. Through this acquisition, originally announced on April 26, 2016, Nokia Technologies has established a new Digital Health business unit led by Cédric Hutchings, formerly CEO of Withings, who reports to Ramzi Haidamus, president of Nokia Technologies.
The Digital Health business unit combines the talented employees from Withings and experts from the preventive health and patient care teams in Nokia Technologies. The new business unit builds on the pioneering work of Withings, offering a family of award-winning digital health products designed to fit seamlessly into people’s lives, empowering them to make smarter decisions about the health and wellbeing of themselves and their families. The product line includes activity trackers, smart body analyzer scales, thermometers, blood pressure monitors, home and baby monitors and more, built on a sophisticated digital health platform. Together, under Cédric’s leadership, the Digital Health team will continue to design smarter products for healthy living.
“This is the beginning of an exciting new chapter in the history of Nokia Technologies as we extend our product portfolio to include a series of powerful digital health technologies,” said Ramzi Haidamus, president, Nokia Technologies. “The Nokia brand is synonymous with innovation, connectivity and consumer technology and the acquisition of Withings puts us in a perfect position to capitalize on the huge opportunity in the health space. We’re excited to welcome the Withings team to the Nokia family.”
On June 9, Nokia Technologies will be hosting an invitation only event in San Francisco to share its vision for digital health and showcase its products, coinciding with the opening of its San Francisco office, in the heart of the Bay Area.