Nokia is spending €170 million on digital healthcare company Withings as it bids to move into the medical field.
France-based Withings was founded in 2008 and employs around 200 staff.
Its product portfolio includes activity trackers, weighing scales, thermometers, blood pressure monitors and home and baby monitors that are backed by more than a hundred compatible apps.
Nokia said they were a mix of regulated and unregulated solutions based on a “sophisticated” digital health platform.
Withings will be integrated into the Finland-based vendor’s Technologies arm, which has brought the N1 tablet and OZO virtual reality camera to market in recent times.
Nokia made a point of saying the healthcare company would “ensure the ongoing renewal [its] IPR portfolio”.
The deal is expected to close in Q3 this year.
At this year’s Mobile World Congress, Nokia stategy chief Kathrin Buvac said healthcare was one of five key verticals its Internet of Things strategy is based upon.
She revealed that the Technologies arm hired a team of doctors last year to work on areas such as patient monitoring and elderly care.
Nokia CEO Rajeev Suri commented: "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.
"With this acquisition, Nokia is strengthening its position in the Internet of Things in a way that leverages the power of our trusted brand, fits with our company purpose of expanding the human possibilities of the connected world, and puts us at the heart of a very large addressable market where we can make a meaningful difference in peoples' lives."