Withings, the French wearables company, was acquired by Nokia last year after the company announced its intention to buy Withings in 2016. It joined the company and came to be known as Nokia Health. The new division came out with new products one of which was the Nokia Sleep that we saw at CES 2018 in January. However, Nokia could possibly end up selling its Digital Health business because the company has confirmed today that it has begun a strategic review of the business to consider its options.
The company has announced today that it has started a strategic review of options for its Digital Health business. The division’s portfolio includes both consumer and enterprise products. It manufactures and sells a variety of hybrid smartwatches, scales, and digital health devices.
Just because it’s looking at its options doesn’t mean that Nokia has decided that it’s going to sell this business. “The strategic review of the Digital Health business may or may not result in any transaction or other changes,” the company said in its press release, which means that it’s going to consider all options on the table so a sale is not necessary.
Nokia says that it will provide more details about the review and its outcome at an appropriate time.
Filed in . Read more about Nokia and Withings. Source: nokia