Nokia negotiates sale of Digital Health division to Withings founder

Nokia is negotiating the sale of its Digital Health division, the division that makes hybrid smartwatches, among other things. The Finnish company expects to have sold the division by the end of the second quarter.

Nokia wants to sell its Digital Health division to Éric Carreel, the founder of Withings. It is not yet clear what amount is involved in the sale. Nokia’s Digital Health division arose a few years ago from the acquisition of the French Withings. At the time, Nokia paid 170 million euros for it.

In February, an internal memo from Nokia came online stating that the company was planning to divest its Digital Health division. It is the last division of the company that makes consumer products. If the sale is successful, Nokia only wants to focus on selling licenses and network equipment to companies.

The Nokia smartphones that are for sale today are no longer made by the Finnish Nokia, but by the Finnish HMD, which has a license on the brand name.