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04-26-2016, 04:06 PM
**kia to buy digital health company Withings in $190 million deal
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HELSINKI — In a move to speed its entry into digital health products, **kia says it plans to acquire the French consumer electronics company Withings S.A., in a 170 million-euro ($191 million) deal.
The Finland-based telecom networks provider says growing global interest in the health sector is of "strategic importance" to **kia, which has a strong tech**logy unit that controls a vast portfolio of patents.
SEE ALSO: **kia enters the virtual reality game with a 360-degree camera (http://mashable.com/2015/07/28/**kia-virtual-reality-camera/)
**kia, once the world's leading cellphone maker, sold off its mapping services last year after shedding its ailing handsets division to Microsoft. Last year, it bought the French company Alcatel-Lucent in a 15.6 billion-euro deal to become a leading global networks provider. Read more... (http://mashable.com/2016/04/26/**kia-buys-withings/)
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HELSINKI — In a move to speed its entry into digital health products, **kia says it plans to acquire the French consumer electronics company Withings S.A., in a 170 million-euro ($191 million) deal.
The Finland-based telecom networks provider says growing global interest in the health sector is of "strategic importance" to **kia, which has a strong tech**logy unit that controls a vast portfolio of patents.
SEE ALSO: **kia enters the virtual reality game with a 360-degree camera (http://mashable.com/2015/07/28/**kia-virtual-reality-camera/)
**kia, once the world's leading cellphone maker, sold off its mapping services last year after shedding its ailing handsets division to Microsoft. Last year, it bought the French company Alcatel-Lucent in a 15.6 billion-euro deal to become a leading global networks provider. Read more... (http://mashable.com/2016/04/26/**kia-buys-withings/)
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