Nokia buys producer of gadgets for fitness and health Withings

The company Nokia announced plans to acquire the company Withings, the French manufacturer of various devices for fitness and health.
Nokia buys producer of gadgets for fitness and health Withings
The transaction amounts to 170 million euros in cash, approximately 191 million dollars. The transaction is expected to be completed in the third quarter of 2016 after obtaining necessary approvals and permissions at various levels.
As a result Withings will become part of Nokia Technologies business. As expected the leaders of Nokia, the acquisition will strengthen the company’s position in the field of Internet of Things.
Withings was founded in 2008, now it has offices in France, Hong Kong and the USA.

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