Nokia in talks to buy Withings for US $191 million

Nokia is reportedly in talks to buy French fitness gadget and wearable company Withings who made some waves a few years ago with its Activite fitness trackers which resembled classic timepieces. Nokia is apparently interested in investing into the health tracking aspect of the company, similar to Apple's HealthKit initiative.

Withings was founded in 2008 and has brought to market various connected health appliances, including smart watches, fitness trackers, thermometers, and baby monitors, among other gadgets. Nokia, who famously sold their phone business to Microsoft as well as their Here maps to a consortium of carmakers, is focused on Internet of Things and connected lifestyle products and ecosystems. 

"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 CEO Rajeev Suri.

Source: Nokia