Nokia to splash out $191 million on health and wearables firm Withings

Nokia used to be a name associated with smartphones but now the Finnish company is looking to venture into a different area of the mobile device market. Today the company announced plans to acquire French health, fitness and wearables firm Withings for €170 million ($191 million). Withings will join Nokia Technologies as the former smartphone manufacturer branches out into the Internet of Things and the lucrative health market. The acquisition will be settled in cash, and is expected to be completed by Q3 this year. Ramzi Haidamus, president of Nokia Technologies, said: "Withings shares our vision for the future of… [Continue Reading]