Nokia is staging its re-entry into the consumer market with the acquisition of French smartwatch maker Withings for $191 million. The acquisition is expected to close by the third quarter, following which Withings' staff will be integrated into Nokia Technologies, the Finnish manufacturer's consumer unit.
In a statement announcing the acquisition, president & CEO of Nokia Rajeev Suri said:
Head of Nokia Technologies Ramzi Haidamus said that the acquisition is aimed at furthering innovation in the digital health segment:
Withings' latest smartwatch is the $169 Activité Steel. The watch offers a bevy of sensors that can track your daily activity, all in a chassis that looks like a traditional watch. In addition to smartwatches, Withings makes smart smales, connected alarm clocks, and home monitoring cameras. The vendor's products are compatible with Android as well as iOS, with the Health Mate app giving you an overview of your daily statistics.
Withings' products will live alongside the likes of the Ozo camera and the Nokia N1 tablet. It will be interesting to see the kind of products that come out of the partnership.
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