Nokia has closed the books on its unlucky foray into digital health devices and services, and with it, a business is marking its return to the world of startups. Today, the Finnish telecoms giant announced that it has closed the sale of its digital health division, along with 200 employees, to Eric Carreel, the former chairman and co-founder of Withings. Now Carreel plans to relaunch the business once again under the Withings brand by the end of this year, with products focused on preventive health.
Withings had formed the core of Nokia’s digital health business after it acquired the company, famous for its smart scales, in 2016 for €170 million. Nokia later rebranded the business as Nokia Digital Health.
“I am delighted to start working again with the brilliant teams that made the brand such a great success” said Carreel in a statement. “We have an exciting challenge ahead of us as we continue to push the boundaries of connected health.”
The deal comes less than a month after Nokia announced that it had entered into exclusive negotiations with Carreel for the sale, part of a larger reorganization at the company to refocus away from unprofitable businesses.
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Source:: TechCrunch Gadgets
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