Nokia buys digital health company Withings for 170M euros - CNET

Nokia is best known for making phones, and at one time was the biggest mobile maker in the world. Its fortunes faded in the smartphone era however, and in 2014 completed the sale of its smartphone devision to Microsoft.

In a statement, Nokia boss Rajeev Suri said, "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."

Withings has been valued for the sale at €170 million (roughly $192 million, £132 million or AU$ 248 million). The acquisition is set to be completed in the later half of 2016, subject to regulatory approval, Nokia says.