Nokia Corp. said it plans to acquire Withings SA, a French connected health start-up that makes Internet-connected devices, tracking its users' personal health digitally.

The transaction is valued at €170 million ($191.6 million), the Finnish technology company said on Tuesday. The purchase is expected to close early in the third quarter of this year.

The acquisition of Withings by Nokia comes as connected health, a model of healthcare delivery that provides an increasingly powerful set of connected devices capable of monitoring a person's physical and mental health, moves from being a tech buzzword to a battleground for established tech companies.

Founded in 2008, Withings was among the first companies to connect personal health to the Internet. Since then, the tech firm has expanded its lineup of connected devices to include smartwatches, fitness trackers, weighing scales, thermometers, blood-pressure monitors, sleep-quality sensors and baby monitors.

Withings' products are complemented by more than a hundred compatible smartphone apps.

"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," said Nokia Chief Executive and President Rajeev Suri in a statement.

Withings currently employs around 200 employees across its locations in France, Cambridge, the U.S. and Hong Kong.

Write to Matthias Verbergt at Matthias.Verbergt@wsj.com

(END) Dow Jones Newswires

April 26, 2016 05:15 ET (09:15 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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