M&A Deal Summary

Nokia Acquires Withings SA

On April 26, 2016, Nokia acquired technology hardware company Withings SA for 170M EUR

Acquisition Highlights
  • This is Nokia’s 4th transaction in the Technology Hardware sector.
  • This is Nokia’s 3rd largest (disclosed) transaction.
  • This is Nokia’s 2nd transaction in France.

M&A Deal Summary
Date 2016-04-26
Target Withings SA
Sector Technology Hardware
Buyer(s) Nokia
Deal Type Add-on Acquisition
Deal Value 170M EUR
Advisor(s) Qatalyst Partners LP (Financial)

Target

Withings SA

Issy-les-Moulineaux, France
website
Withings SA is a pioneer in the connected health revolution with a family of award-winning digital health products and services to help people all over the world lead healthier, happier and more productive lives. Making the most of innovation, technology and design, Withings invents smart products and apps that fit into any lifestyle that lets you track what matters so you can improve you everyday well-being and aim for better long term health.

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Buyer(S) 1

Buyer

Nokia

Espoo, Finland

website

Category Company
Founded 1865
Sector Communications
Employees86,896
Revenue 24.9B EUR (2022)
DESCRIPTION

Nokia is a Finnish communications and information technology multinational corporation. Nokia was founded in 1865 and is based in Espoo, Finland.

DEAL STATS #
Overall 20 of 27
Sector (Technology Hardware) 4 of 5
Type (Add-on Acquisition) 18 of 25
Country (France) 2 of 2
Year (2016) 3 of 6
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-21 Nakina Systems

Ottawa, Ontario, Canada

Nakina Systems, Inc. is a developer of integrity applications for securing and optimizing physical and virtual networks.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 Gainspeed

Sunnyvale, California, United States

Gainspeed is a provider of Virtual CCAP (Converged Cable Access Platform) products that include support for Distributed Access Architecture (DAA). The company allows high-bandwidth data transfer to cable television systems. It also includes a DAA video engine and a chassis-based EPON/DPoE solution for non-HFC network implementations.

Buy -
Mergr

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