Nokia announced it has closed the sale of its Digital Health business to Eric Carreel, co-founder and former chairman of Withings.
Nokia announced plans to sell Digital Health on May 2, 2018, following a review of strategic options for the business. The sale is part of Nokia's honed focus on becoming a business-to-business and licensing company.
Digital Health's business portfolio includes consumer and enterprise products, and it manufactures and sells an ecosystem of hybrid smart watches, scales and digital health devices to consumers and enterprise partners.
The licensing businesses of Nokia Technologies are not affected by the sale.