Nokia to buy connected-health gadgets firm

Nokia is paying 170 million euros ($191 million) to acquire French fitness gadgets company Withings in a bid to get into the digital health market.

For the Espoo, Finland company, which sold its handset business to Microsoft two years ago, and has been since mainly in the area of selling telecom equipment, the acquisition marks a strong push into connected healthcare and home products. These include activity trackers, weighing scales, thermometers, blood pressure monitors and home and baby monitors.

Nokia's brand, which is still well-regarded in many consumer markets, may aid the company as it enters new segments and starts what it describes as a "new chapter."

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