Nokia today announced that it reached an arrangement to buy Whitings French firm specializing in electronic health - related products such as connected scales, home security as baby monitors and wearable devices such as watches acquaintances tracking activity.
The deal price will be 170 million Euro, a low price considering the quality of products Whitings offers and brand recognition.
Withings was founded by President and CEO Eric Carreel Cedric Hutchings in 2008. Today this French company has approximately a little more than 200 employees distributed in different places besides Paris, France. Whiting has offices in Hong Kong, Cambridge and in the United States.
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,
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.
Said By the President and CEO of Nokia, Rajeev Suri
In addition to the products listed above also it offers many other thermometers, blood pressure monitors, baby monitors, home monitors, sensors for bed and more.
Most products Whitings provide information for decision-making about health and wellness, both the user and the family. In addition products are complemented by an ecosystem of over 100 applications.