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Nokia confirms sale of Digital Health division

Nokia confirms sale of Digital Health division

Nokia announced back in April 2016 that it meant to acquire French digital health company Withings and it closed the deal a year later in June 2017.

Nokia has confirmed that it's selling its digital health unit to Withings cofounder Éric Carreel as part of its shift away from the consumer technology realm. The Finnish company said the deal is expected to close late in the second quarter of 2018.

If you've been following the story closely (like we have), Nokia launched a strategic review of its Digital Health business back in February this year and included Nokia's consumer and enterprise products.

We don't know yet exactly what the sale will mean for the Nokia Health brand, and whether or not the Withings name will be revived.

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"Digital Health's business portfolio includes consumer and enterprise products, and it manufactures and sells an ecosystem of hybrid smart watches, scales and digital health devices to consumers and enterprise partners", Nokia said in a statement.

Back then, Nokia saw digital health as an area of potentially big growth, noting that healthcare was expected to become one of the key industry segments in the Internet of Things, with predictions of compound annual growth of 37 percent between 2015 and 2020.

Nokia has not disclosed how much the business will sell for. Its quarterly revenues related to digital health amounted to Euro 16 million for the three months to March.

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