Nokia has announced that it is selling its Digital Health business, the company is selling the business to Withings co-founder Éric Carreel.
Nokia previously purchased Withing in 2016 in a deal which was worth €170 million, as yet there are no details on how much the business is being sold for.
Nokia announced a review of strategic options for the Digital Health business in February 2018. The planned sale is part of Nokia’s honed focus on becoming a business-to-business and licensing company.
The transaction is subject to terms agreed in the negotiations and completion of the information consultation with the Works Council of Nokia Technologies (France) SA., with the deal expected to close in late Q2 2018.
You can find out more details on Nokia’s plans to sell their Digital Health Business over at Nokia at the link below.