Shearman & Sterling Advises Nokia on Its Contemplated Acquisition of Withings
Shearman & Sterling is advising the Finnish technology group Nokia in connection with the contemplated acquisition of Withings, a French pioneer and leader in the connected health revolution.
Withings was co-founded by Eric Carreel and Cedric Hutchings in 2008 and is headquartered in France, with approximately 200 employees across its locations in Paris, France, Cambridge, US and Hong Kong. Withings’ portfolio includes activity trackers, weighing scales, thermometers, blood pressure monitors, home and baby monitors.
The planned transaction is expected to close in early Q3 2016, subject to regulatory approvals and customary closing conditions.