Nokia plans to sell off its health division called Nokia Digital Health, originally known as Withings before it acquired it. Nest (Google) was said to be interested in purchasing the company but that won’t be the case anymore.
The latest report says that Nokia has decided to sell it to one of the original co-founders of Withings, Éric Carreel. The French engineer was also the founding president of the company.
Nokia hasn’t revealed how much Mr. Carreel will be purchasing the division but it is safe to assume it will be less than the almost $200 million price Nokia paid back in 2016.
We also have no info on the future of products released during the brief period of time Nokia held ownership. Will they be phased out or renamed back to Withings? Time will tell.
The deal is expected to be completed by the middle of the year and Nokia has also revealed it is shifting its focus away from consumer products to becoming a licensing company.