Nokia gobbles Withings

Nokia has acquired fitness gadget biz Withings for €170m (£131m).

Withings specializes in making wearables and connected health monitoring devices, including scales, blood pressure monitors, and health trackers.

The jump into wearables comes after Nokia rid itself of its mobile handset business. Instead, the Finnish firm says it will be reinventing itself with new businesses, including an IoT 'Digital Health' brand, digital media and patent licensing businesses. Which is where Withings comes in. ®