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Nokia is acquiring smartwatch maker Withings for $191 million

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Nokia is acquiring smartwatch maker Withings for $191 million

Nokia is staging its re-entry into the shopper marketplace with the purchase of French smartwatch maker Withings for $191 million. The purchase is anticipated to near by way of the 3rd quarter, following which Withings' body of workers will probably be built-in into Nokia Applied sciences, the Finnish producer's shopper unit.

In a observation announcing the acquisition, president & CEO of Nokia Rajeev Suri stated:

We've got stated persistently that virtual well being used to be a space of strategic pastime to Nokia, and we at the moment are taking concrete motion to faucet the chance on this massive and essential marketplace.

With this acquisition, Nokia is strengthening its place within the Web of Issues in some way that leverages the facility of our depended on logo, suits with our corporate objective of increasing the human chances of the hooked up global, and places us on the center of an overly massive addressable marketplace the place we will be able to make a significant distinction in peoples' lives.

Head of Nokia Applied sciences Ramzi Haidamus stated that the purchase is aimed toward furthering innovation within the virtual well being phase:

Withings stocks our imaginative and prescient for the way forward for virtual well being and their merchandise are sensible, smartly designed and already serving to folks are living more fit lives. Combining their award-winning merchandise and gifted folks with the world-class experience and innovation of Nokia Applied sciences uniquely positions us to steer the following wave of innovation in virtual well being.

Withings' newest smartwatch is the $169 Activité Steel. The watch gives a bevy of sensors that may monitor your day by day task, all in a chassis that appears like a standard watch. Along with smartwatches, Withings makes sensible smales, hooked up alarm clocks, and residential tracking cameras. The seller's merchandise have compatibility with Android in addition to iOS, with the Health Mate app supplying you with an summary of your day by day statistics.

Withings' merchandise will are living along the likes of the Ozo camera and the Nokia N1 tablet. It's going to be fascinating to peer the type of merchandise that pop out of the partnership.


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