Nokia to Acquire Health Tracking Firm Withings in $192 Million Deal

Discussion in 'iOS Blog Discussion' started by MacRumors, Apr 26, 2016.

  1. MacRumors macrumors bot

    MacRumors

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    Nokia this morning announced it will buy French health tracking company Withings for an estimated $192 million, as the company seeks to re-establish itself in the consumer electronics market.

    Withings makes iOS-compatible smart connected home products as well as a range of health and fitness wearables such as the Go activity tracker and its stylish Activité smartwatch range. The company's products sync with its Health Mate iOS app, which lets users track their activity, weight, and food consumed, and interact with friends to reach fitness goals, among other features.

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    Nokia has focused on its network equipment business and commercial VR solutions since it sold its mobile division to Microsoft in 2013. The Finnish firm's most recent high-profile product announcement was its $60,000 Ozo VR capture camera aimed at the film industry, but the latest announcement marks a significant shift for the company as it looks to expand into consumer digital health and the Internet of Things sector.

    President and CEO of Nokia Rajeev Suri commented on the acquisition in a press release announcing the move.
    The acquisition will see Withings' 200 employees integrated into Nokia Technologies when the deal goes through later in the year.

    Article Link: Nokia to Acquire Health Tracking Firm Withings in $192 Million Deal
     
  2. iGeek2014 macrumors 68020

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    #2
    So long as when using the scales to weigh myself it doesn't play Grande Valse ;-).
     
  3. Mr. C. macrumors newbie

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    I’m hoping for the best. I’ve so far liked the Withings ecosystem better than others by competitors.
     
  4. Col4bin macrumors 68000

    Col4bin

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  5. Dr.Chroma Suspended

    Dr.Chroma

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    Nokia could be a contender down the road. They have watched all the big players and hopefully will learn from their mistakes. Nokia has been around for a long time. New market, let's see what happens.
     
  6. beanbaguk macrumors 6502a

    beanbaguk

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    #6
    This is crap news. I'm a massive Withings fan and I have so far loved their products.

    I've got the scales, a couple of activités (one for me and one for the wife), the webcam and the blood pressure monitor. It's all excellent stuff.

    Nokia will just add red-tape and bloat to the organisation and slow down innovation and progress. Not happy.
     
  7. Kabeyun macrumors 68000

    Kabeyun

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    #7
    I didn't realize Nokia was in a position to buy something that expensive.
     
  8. Dilster3k macrumors 6502a

    Dilster3k

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    #8
    You either go the Microsoft route and pick yourself up, or the Blackberry route and just rot to death.
     
  9. norge macrumors member

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    #9
    Nokia has bought Alcatel-Lucent at the beginning of this year this was round about 17bn $ so this is just peanuts....
     
  10. Stella macrumors G3

    Stella

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    #10
    Excellent news!

    I'm looking forward to Nokia re-establishing themselves in a consumer market.
     
  11. ogun7 macrumors regular

    ogun7

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    #11
    I hope they are able to manage and scale Withings properly. I want to be optimistic.
     
  12. joueboy macrumors 65816

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    #12
    I don't think Samsung is lacking the ability to track health. More like they acquired this company to make a fashionable watch. Because their watches are like Casio of smartwatch, as opposed to Apple they're marketing it as a luxurious and premium.
     
  13. modeyabsolom macrumors member

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    #13
    What are you on about? It's Nokia not bloody Samsung! Oh and your user name is offensive.
     
  14. jonnysods macrumors 603

    jonnysods

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    #14
    Way to beat everyone to the wearable punch.

    Having said that I love Nokia. Used their phone all the time back in the day pre-iPhone.
     
  15. ipedro, Apr 26, 2016
    Last edited: Apr 26, 2016

    ipedro macrumors 68040

    ipedro

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    #15
    I'm officially nervous. I really like Withings and own several of their health and home products and planned to build out my smart home with more of them.

    Considering what happened to Nest after it was acquired, I'm concerned that Nokia will pick a side and close out some of their customers.

    That said, Nokia is an innovative company and not necessarily tied to an operating system overlord. Maybe this will be a good thing. I just hope they don't disrupt the good thing that Withings has going.
     
  16. bpcookson macrumors 6502

    bpcookson

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    #16
    I love my scale but the watch was rather disappointing. Just replaced it with a $200 Tissot, though still looking forward to Apple Watch iteration.

    Anyway, the thermo looks really promising. I hope they keep building out their catalog despite the big-business-buyout.
     
  17. Eduardo1971 macrumors 65816

    Eduardo1971

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    #17
    Did you even read the article? Talk about knee-jerk reaction.

    Focusing back to the article-I love my Withings scale and use my Withings Healthmate iOS application on a daily basis. I've been tempted to buy their watches but keep holding out for v2.0 of the Apple Watch.

    Hopefully Nokia doesn't change Withings too much.
     
  18. avanpelt macrumors 68030

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    #18
    Just curious...what were you disappointed with? I love my Activité Pop. It tracks everything I want it to track, seems reasonably accurate, and it has 8 month battery life.
     
  19. Stella macrumors G3

    Stella

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    #19
    Not when your buying an established product!

    Its never too late - Apple have proven that a few times.
     
  20. Razeus macrumors 603

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    #20
    Crap. I was hoping Microsoft would snatch them up.
     
  21. LarryJW Suspended

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    #21
    The company didn't sell itself to Nokia. The owner wanted to cash out and exchanged his company for money and sell his employees down the river.
     
  22. ck2875 macrumors 6502a

    ck2875

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    #22
    I really love a lot of the Withings products. I hope Nokia only allows them to have the funding to pump out more great products. If Google or Facebook had bought them I would have been a lot more upset given their tendency to buy things only to acquire talent and wind down their business.
     
  23. PlutoPrime macrumors regular

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    #23
    Noooooooooooooo!

    I own most of the Whitings products and they're such a great small company. Nokia has managed to ruin everything they touch so far. Please don't ruin this one :(
     
  24. PedCrossing macrumors 6502

    PedCrossing

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    #24
    Another nervous owner here. Was going to buy an activite for my mom, now I'm not so sure. Please don't kill it Nokia!
     
  25. _mdavenport macrumors regular

    _mdavenport

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    #25
    Dang. I'm a fan of Withings, not so much of Nokia :/
     

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