Withings (Nokia Acquisition Crisis)
Paris connected-health pioneer Withings was acquired by Nokia for €170M in 2016, then written down to near-zero by 2017 — Nokia eventually sold it back to its founder for a symbolic price. A canonical French acqui-failure.
2008 → 2017
$30M
ConnectedHealth Hardware
France
Full Analysis
Paris-based Withings was a pioneering French connected-health device maker. Acquired by Nokia for €170M in 2016, Nokia took a major impairment charge by 2017 and ultimately sold the company back to its original founder Eric Carreel for a fraction of the acquisition price in 2018. While the brand survives, the original investor exit value was largely destroyed. A canonical French acqui-failure case study.
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