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Nokia’s digital health unit returns to its roots

Éric Carreel plans to reacquire the business

Nokia

Nokia has been mulling the sale of its digital health business for a while now, with big names such as Samsung and Google’s Nest rumoured to acquire the unit, but it looks as if the business’ original co-founder has beaten them to the punch.

Two years after selling the business - formerly known as Withings - to Nokia for a cool €170m, co-founder Éric Carreel is planning to reacquire the digital health unit.

If the deal goes ahead, Carreel will acquire a portfolio of consumer and enterprise products along with an ecosystem of hybrid smart watches, scales and digital health devices.

The potential move could see the business go back to its roots, and while the details of the deal remain undisclosed at the time of writing, Nokia said the deal is expected to close in late 2018.

Article by
Gemma Jones

2nd May 2018

From: Sales

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