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Nokia Weighing Whether Withings-Based Health Biz Still Worth It

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Feb 15, 2018, 3:09 PM by Eric M. Zeman

Nokia today said it is weighing strategic options for its Digital Health business. Nokia acquired wearable-maker Withings in 2016 and used that as the basis of its Digital Health business, with is part of the Nokia Technologies group. The Digital Health unit is responsible for smartwatches, scales, and other digital health devices for both consumers and businesses. "The strategic review of the Digital Health business may or may not result in any transaction or other changes," said the company. "Any further announcements about the Digital Health business will be made if and when appropriate." Nokia didn't say if or when it might make a decision. Nokia's main business is in developing and selling telecommunications gear.

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