Nokia plans to acquire Withings to accelerate entry into Digital Health … Nokia.

Withings was founded by Chairman Eric Carreel and CEO Cedric Hutchings in 2008 and is headquartered in France, with approximately 200 employees across its locations in Paris, France, Cambridge, US and Hong Kong. Withings’ portfolio of regulated and unregulated products includes activity trackers, weighing scales, thermometers, blood pressure monitors, home and baby monitors and more, and is built on a sophisticated digital health platform, providing insights to empower people to make smarter decisions about the health and wellbeing of themselves and their families. Withings’ own products are complemented by an ecosystem of more than a hundred compatible apps.

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The planned transaction values Withings at EUR 170 million and would be settled in cash and is expected to close in early Q3, 2016 subject to regulatory approvals and customary closing conditions.

Read full press release.

Huh, this is almost a maker-biz story, but Withings is one the wi-fi scales that actually worked out well for us, we tried a few but this one was pretty solid, the interface on the site was a little clunky, but it wasn’t the worst 🙂 Nokia, former mobile phone company is now more of a licensing company it seems, it will be interest to see what happens to the WIthings brand, will it go away? Will it become Nokia? More about the deal here.

Pictured above, actual screenshot from our Withings scale.