Home / Internet / Nokia sells Withings well being department in restructuring effort – CNET

Nokia sells Withings well being department in restructuring effort – CNET

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Withings co-founder Eric Carreel has re-assumed regulate over the corporate following its sale by way of Nokia.

Withings

Withings has returned to the possession of co-founder Eric Carreel following Nokia’s decision to sell off the company.

The French well being generation corporate, which Carreel co-founded with Cedric Hutchings in 2008, used to be bought by way of Nokia for 170 million euros, about $204 million, in 2016 and re-branded as Nokia Well being. 

It is going to revert to its unique identify as a part of the sale.

“I’m extremely joyful to start out operating once more with the bright groups that made the logo one of these nice good fortune,” Carreel mentioned in a observation. “We have now an exhilarating problem forward people as we proceed to push the bounds of attached well being.”

The sale of Withings is a part of Nokia’s honed focal point on changing into a business-to-business and licensing corporate. The corporate has been making a powerful push in opposition to a comeback within the telephone marketplace, with licensee HMD World receiving $100 million in funding to “aggressively make bigger” its product lineup. 

Withings will proceed to promote Nokia Health products, just like the Frame Aerobic, the Steel HR and the Thermo, till the Withings emblem is absolutely relaunched on the finish of 2018. It is going to care for its headquarters in Paris, in conjunction with groups in the USA and Asia.

Nokia did not straight away reply to a request for remark.

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