Enters into exclusive negotiations for the sale of its Digital Health business
Nokia has announced plans to sell its Digital Health business to Éric Carreel, co-founder and former chairman of Withings, the company that Nokia acquired in June 2016.
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), with the deal expected to close late in the second quarter 2018.
Digital Health’s business portfolio includes consumer and enterprise products, and it manufactures and sells an ecosystem of hybrid smart watches, scales and digital health devices to consumers and enterprise partners.
The licensing businesses of Nokia Technologies are not affected by this announcement.