Nokia has announced that it is in fact selling off its digital health business, and in an ironic twist, it’s being sold to Éric Carreel — the co-founder and former chairman of Withings, the company that Nokia bought the business from in the first place.
The move signals an end to Nokia’s foray into the consumer market, after it announced earlier this year that it was undertaking a “review of strategic options” regarding its Digital Health business, which it acquired when it purchased Withings two years ago.
The sale, which is expected to close in late Q2 2018, pending the approval of certain terms and conditions, is expected to be part of Nokia’s shift to become a business-to-business and licensing company.
