HELSINKI — In a move to speed its entry into digital health products, Nokia says it plans to acquire the French consumer electronics company Withings S.A., in a 170 million-euro ($191 million) deal.
The Finland-based telecom networks provider says growing global interest in the health sector is of “strategic importance” to Nokia, which has a strong technology unit that controls a vast portfolio of patents.
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Nokia, once the world’s leading cellphone maker, sold off its mapping services last year after shedding its ailing handsets division to Microsoft. Last year, it bought the French company Alcatel-Lucent in a 15.6 billion-euro deal to become a leading global networks provider. Read more…
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