One of the much loved pioneers of the wearable tech industry is back. Nokia has confirmed the sale of its underperforming health division back to Éric Carreel, co-founder and former chairman of Withings.
A number of parties had shown interest in buying the division including Google Nest and Samsung. The French government has been pushing for a sale back to a French owner, partly due to the country’s efforts to boost its presence in AI. Nokia Health bought the Withings health brand back in 2016 but its clear the acquisition did not pay off and sales had failed to meet growth expectations.
Today’s announcement confirms the Withings name will be back. The outfit will continue to sell Nokia health products until the Withings brand is relaunched by the end of this year.
And who knows? Maybe we’ll even see the defunct Pulse Wave Velocity reintegrated into its top range smart scale. To the dismay of existing owners, Nokia had pulled the feature at the start of this year due to regulatory issues.
The outfit is planning to launch new products, too.
What this means is not entirely clear. But it seems the company is looking beyond fitness trackers and smart scales to more complex health solutions. – Gadgets And Wearables