standard Nokia buys French wearable manufacturer Withings for $191 Million, time for a comeback?

3e1448c51493db98880ddf7422973fc5Earlier today Nokia (yes, the real Nokia) purchased the French wearables and digital fitness company Withings for $191 million. Now honestly I haven’t heard of Withings much, beyond the beautiful smart watches that they make (seen above), but a quick Google search shows a pretty wide portfolio of health related products, ranging from smartwatches and e-ink displays to smart scales. According to Nokia CEO Rajeev Suri, Withings is a perfect fit for Nokia, as their goals are aligned.

With this acquisition, Nokia is strengthening its position in the Internet of Things in a way that leverages the power of our trusted brand, fits with our company purpose of expanding the human possibilities of the connected world, and puts us at the heart of a very large addressable market where we can make a meaningful difference in peoples’ lives.”

microsoft+moonraker+watchOf course in the distant past Nokia did have plans for a smartwatch, one codenamed Moonraker that was scratched when Microsoft took over. With this latest acquisition it seems Nokia are positioning themselves for a comeback into the consumer world (beyond the N1 tablet which we haven’t heard much of since); and I for one am ready to welcome them back with open arms.

 

Via: TheVerge

About the Author

Ali is a dental school graduate currently living in Amman, Jordan; born and raised in the US, a tech lover with a serious addiction to all things sweet. He is the co-founder of GeekOnGadgets, and a senior editor at our Sister site MyNokiaBlog.com.

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  • Koya

    The first Happy News of the Year! Waiting to wear Nokia branded watch soon!

  • gedgetdisqusser

    Good news :) But it would be difficult to compete with all these Apple Watch and Android Wear…. As long as they don’t invent some Killer Features we all have been waiting for :)

  • I’m ordering Withings smartwatch right now.