Again in April Nokia announced it was buying wellbeing and health and fitness concentrated gadget maker Withings for €170 million (~$190M). At the time it was expecting the acquisition to near in Q3 but it has now verified the near of the transaction ahead of program. Following the acquisition, Withings co-founder and CEO Cedric Hutchings has been created head of a new Electronic Wellbeing business enterprise unit at Nokia, reporting to Ramzi Haidamus, president of Nokia Technologies — the company’s R&D and IP licensing division. Speaking about the offer, Nokia flags up existing expertise in “preventive wellbeing and individual care” in its Nokia Technologies division, which it stated it intends to create on with the acquisition of Withings’ shopper wellbeing gadget and electronic wellbeing platform business. Withings will make of vary of generally health and fitness concentrated gadgets, these kinds of as its Go action tracker, which has an e-ink screen and tracks techniques, rest, working and swimming and boasts an 8-month battery life, and its Activité vary of health and fitness monitoring watches (which sync with a companion application) together with more expert wellbeing tech gadgetry — these kinds of as a wi-fi blood tension watch, a wi-fi connected thermometer and a related newborn scales. In a assertion on the near of the acquisition Haidamus dubbed the wellbeing room a “huge opportunity”. While Nokia’s principal business enterprise stays networking and backhaul technological know-how, electronic wellbeing has been 1 of the stated regions of focus for its Nokia Technologies division, together with electronic media and brand and patent licensing. “This is the starting of an interesting new chapter in the heritage of Nokia Technologies as we extend our product portfolio to include things like a collection of impressive electronic wellbeing systems,” added Haidamus. The Withings acquisition is not the only shopper gadget concentrated shift by Nokia this yr. Past month it revealed its route back again into the mobile devices market — by using an distinctive brand licensing arrangement with a newly recognized Finnish enterprise that intends to produce a vary of Nokia-branded smartphone and tablets. While Nokia is not receiving back again into totally fledged smartphone manufacturing alone, which was of course the motor of its business enterprise for more than a 10 years, it’s intriguing the company thinks it is worth its while dabbling in the lower margins IoT (Web of Items/related devices) business enterprise. But which is probably more a evaluate of the patent licensing potential it sees for consumer health tech — and the added patents it acquires with Withings — supplied the “huge opportunity” it thinks the consumer health market to be.
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Again in April Nokia announced it was buying wellbeing and health and fitness concentrated gadget maker Withings for €170 million (~$190M). At the time it was expecting the acquisition to near in Q3 but it has now verified the near of the transaction ahead of program. Following the acquisition, Withings co-founder and CEO Cedric Hutchings has been created head of a new Electronic Wellbeing business enterprise unit at Nokia, reporting to Ramzi Haidamus, president of Nokia Technologies — the company’s R&D and IP licensing division. Speaking about the offer, Nokia flags up existing expertise in “preventive wellbeing and individual care” in its Nokia Technologies division, which it stated it intends to create on with the acquisition of Withings’ shopper wellbeing gadget and electronic wellbeing platform business. Withings will make of vary of generally health and fitness concentrated gadgets, these kinds of as its Go action tracker, which has an e-ink screen and tracks techniques, rest, working and swimming and boasts an 8-month battery life, and its Activité vary of health and fitness monitoring watches (which sync with a companion application) together with more expert wellbeing tech gadgetry — these kinds of as a wi-fi blood tension watch, a wi-fi connected thermometer and a related newborn scales. In a assertion on the near of the acquisition Haidamus dubbed the wellbeing room a “huge opportunity”. While Nokia’s principal business enterprise stays networking and backhaul technological know-how, electronic wellbeing has been 1 of the stated regions of focus for its Nokia Technologies division, together with electronic media and brand and patent licensing. “This is the starting of an interesting new chapter in the heritage of Nokia Technologies as we extend our product portfolio to include things like a collection of impressive electronic wellbeing systems,” added Haidamus. The Withings acquisition is not the only shopper gadget concentrated shift by Nokia this yr. Past month it revealed its route back again into the mobile devices market — by using an distinctive brand licensing arrangement with a newly recognized Finnish enterprise that intends to produce a vary of Nokia-branded smartphone and tablets. While Nokia is not receiving back again into totally fledged smartphone manufacturing alone, which was of course the motor of its business enterprise for more than a 10 years, it’s intriguing the company thinks it is worth its while dabbling in the lower margins IoT (Web of Items/related devices) business enterprise. But which is probably more a evaluate of the patent licensing potential it sees for consumer health tech — and the added patents it acquires with Withings — supplied the “huge opportunity” it thinks the consumer health market to be.
Again in April Nokia announced it was buying wellbeing and health and fitness concentrated gadget maker Withings for €170 million (~$190M). At the time it was expecting the acquisition to near in Q3 but it has now verified the near of the transaction ahead of program.
Following the acquisition, Withings co-founder and CEO Cedric Hutchings has been created head of a new Electronic Wellbeing business enterprise unit at Nokia, reporting to Ramzi Haidamus, president of Nokia Technologies — the company’s R&D and IP licensing division.
Speaking about the offer, Nokia flags up existing expertise in “preventive wellbeing and individual care” in its Nokia Technologies division, which it stated it intends to create on with the acquisition of Withings’ shopper wellbeing gadget and electronic wellbeing platform business.
Withings will make of vary of generally health and fitness concentrated gadgets, these kinds of as its Go action tracker, which has an e-ink screen and tracks techniques, rest, working and swimming and boasts an 8-month battery life, and its Activité vary of health and fitness monitoring watches (which sync with a companion application) together with more expert wellbeing tech gadgetry — these kinds of as a wi-fi blood tension watch, a wi-fi connected thermometer and a related newborn scales.
In a assertion on the near of the acquisition Haidamus dubbed the wellbeing room a “huge opportunity”. While Nokia’s principal business enterprise stays networking and backhaul technological know-how, electronic wellbeing has been 1 of the stated regions of focus for its Nokia Technologies division, together with electronic media and brand and patent licensing.
“This is the starting of an interesting new chapter in the heritage of Nokia Technologies as we extend our product portfolio to include things like a collection of impressive electronic wellbeing systems,” added Haidamus.
The Withings acquisition is not the only shopper gadget concentrated shift by Nokia this yr. Past month it revealed its route back again into the mobile devices market — by using an distinctive brand licensing arrangement with a newly recognized Finnish enterprise that intends to produce a vary of Nokia-branded smartphone and tablets.
While Nokia is not receiving back again into totally fledged smartphone manufacturing alone, which was of course the motor of its business enterprise for more than a 10 years, it’s intriguing the company thinks it is worth its while dabbling in the lower margins IoT (Web of Items/related devices) business enterprise.
But which is probably more a evaluate of the patent licensing potential it sees for consumer health tech — and the added patents it acquires with Withings — supplied the “huge opportunity” it thinks the consumer health market to be.