Nokia is getting into wearables with €170m deal for Withings

The now mobile-free Nokia (after selling that part to Microsoft), is zoning in on the world of digital health tracking technology with the €170m deal, reports CityAM.

“We have said consistently that digital health was an area of strategic interest to Nokia, and we are now taking concrete action to tap the opportunity in this large and important market,” said Nokia president chief executive Rajeev Suri.

Health tracking devices have become increasingly popular, with Fitbit and Jawbone the highest profile firms to emerge in the space.

 

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