French Connected Health Startup Withings is again a French company. Co-founder Eric Careel announced today that he has signed a contract to buy withings from Finland's Nokia.
"I am delighted to be working with the brilliant teams that have made the brand such a great success," said Carreel. "We are facing an exciting challenge as we continue to push the boundaries of connected health."
The conclusion of the agreement ended, which turned out to be a short and doomed relationship. Nokia acquired Withings in 2016 for $ 192 million. Another co-founder, Cedric Hutchings, became responsible for Nokia for a new digital health business in Silicon Valley, which later killed the Withings brand.
But things went sideways from then on. Nokia eventually wrote off the cost of the acquisition, signaling that Withings had no value. In February, she announced plans to leave the digital health care business, and a few weeks ago she said she had talks with Carreel to sell the business back to him.
These negotiations are over, though Carreel did not disclose in a press release how much he may have paid. He said, however, that the company would be back in Paris, "dedicated to the development of innovative healthcare-focused healthcare products," and hoping to bring the Withings brand back to market this year. The researchers are just beginning to discover what health can do for health, "he said in a press release. "From now on, we must focus our efforts on developing tools that are capable of advanced measurements and related services that can help prevent chronic health problems. With today's technologies, we can imagine solutions that can benefit the lives of millions of people. Our goal is to ensure that we are leading the way with technological advances and intuitive designs. "