Withings develops a line of “smart” products designed to track health and behavioral data from users. Nokia, which reported about $1.4 billion in profits for 2015, valued the Withings purchase at about $191 million, according to WSJ.
Cedric Hutchings, co-founder and CEO of Withings, told WSJ the two companies plan to integrate their connected health research with one another, with the ultimate goal of accelerating product development and staying competitive in a growing market.
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