wordpress blog stats
Connect with us

Hi, what are you looking for?

Nokia completes acquisition of health devices maker Withings ahead of schedule


Finland-based Nokia Technologies announced that it has completed its acquisition of health devices maker Withings ahead of schedule. Nokia had acquired the company in April 2016 for €170 million and was expected to complete the deal by the third quarter of this year.

Following this, Nokia Technologies has established a new Digital Health business unit which will be led by Withings CEO Cédric Hutchings who will report to Ramzi Haidamus, president of Nokia Technologies.

Withings product line includes activity trackers, smart body analyzer scales, thermometers, blood pressure monitors, home and baby monitors and more.  Withings claims that its products work with over a 100 apps The France-headquartered company has 200 employees across its locations in Paris, France; Cambridge, US; and Hong Kong.

Nakina Systems acquisition: In April,  Nokia completed acquisition of Canada-based software firm Nakina Systems.  Nakina would help enhance Nokia’s security measures across its software and cloud offerings. Through this, Nokia would support its customers who face security threats from platforms such as 5G, Internet of Things, big data, Software Defined Networks, and cloud services.

Financials: Nokia’s operating profits increased by 4% year-on-year (YoY) to €475 million in Q3 2015  from €457 million in the same quarter last year. The company had reported an operating profit of €494 million in the previous quarter and net sales of €3.04 billion compared to €3.09 billion in the same quarter last year.

Advertisement. Scroll to continue reading.

Nokia Networks and Nokia Technologies are two major businesses left with Nokia after thesale of its devices and services business to Microsoft in April 2014. Nokia also sold HERE maps to Audi, BMW and Daimler in August 2015 for €2.8 billion (over $3 billion).

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.


When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.


The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.


In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...


By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ