Nokia is set to buy digital health product maker Withings, which had raised almost $34m from backers including Idinvest Partners, for $193m.
Idinvest Partners, the private equity firm spun out of insurance firm Allianz, is set to exit France-based digital health technology developer Withings in a €170m ($193m) acquisition by communications technology manufacture Nokia.
Founded in 2008, Withings produces a range of connected health products including activity trackers, scales, thermometers, blood pressure monitors, and home and baby monitors. The cash acquisition is expected to close in Q3 of this year and once it does Withings will form part of the Nokia Technologies…
