Nokia To Buy Withings, Will Field Activity Trackers

Nokia will enter the e-health market with an agreement to acquire Withings, Nokia said Tuesday. The cash deal, which combines two European companies, values Withings at 170 million euros -- or nearly $192 million. Withings makes digital health products including thermometers, activity trackers and blood-pressure monitors. The deal is expected to close in early Q3 and is subject to regulatory approvals and customary closing conditions. Digital health is a “large and important market,” and the deal strengthens Nokia’s business position for the IoT, Nokia CEO Rajeev Suri said in a statement.