Nokia Information Systems selling its Health business back to the previous owner

referring to Once it had bought the French company, Nokia cell smartphone re-branded all the products, in spite of the reality which Withings did have some cachet in the digital health wearable business. Nokia effectively handed control of its health business to Withings. "We're paying for the company, however in reality it's Withings that's will be running the entire digital health business at Nokia," Nokia cell smartphone President Ramzi Haidamus told Engadget at the time. Nokia's Digital Health business consists of smartwatches, scales, & digital health devices, generality of which (like the Activité) were originally developed with Withings. Nokia told formerly which up to 425 people probably be laid off from its Digital Health business.

Nokia Information Systems selling its digital health business back to the co-founder of Withings

Nokia has declared plans to purvey its struggling health technology business back to Éric Carreel, co-founder of Withings, the French startup Nokia cell smartphone purchased in 2016. Nokia purchased Withings 2 years ago for $191 million, before rebranding the startup's products (including a Intelligent scale & several well-received fitness tracker watches) as fraction of its fresh "Digital Health" business in 2017. However, the rebadged Withings products Apparently weren't making sufficient money for Nokia: in October 2017, the Corporation declared a write-down of €141 mn ($164 million) on the assets. The Digital Health business brought in only €16 mn ($20 million) in revenue, compared to internet discounds of €4.9 bn ($5.9 billion) for the rest of Nokia. Nokia tells the discound Information Systems foreseen to be completed with the finish of the 2nd quarter this year, When the aftertime of the Withings brand Information Systems unknown.

Nokia Information Systems selling its digital health business back to Withings cofounder

as declared in The Finnish technology giant has declared which it Information Systems in the process of selling its digital health business back to 1 of the people it purchased it from only 2 years ago. In 2016 Nokia cell smartphone purchased French health device producer Withings for $191 million. The next year, Nokia cell smartphone rolled multi of Withings's products into its fresh "Digital Health" business. But it seems such as the rebranded Withings products weren't making sufficient money for Nokia, very the Corporation has decided to purvey off its technology business back to Éric Carreel, the cofounder of Withings. It hasn't declared the method much Carreel going to be paying for its digital health assets.

collected by :Dicson Walt