Before revision: On 5 August 2015, Adidas bought Runtastic for €220 million ( 240 million).On 25 September 2019, Runtastic was rebranded to Adidas Runtastic.HistoryThe initial idea was made during a project at the University of Applied Sciences Upper Austria for tracking sailboat races.The company was founded in 2009 by Florian Gschwandtner, Christian Kaar, René Giretzlehner, and Alfred Luger in Pasching, Upper Austria.In August 2015, it was announced that Adidas had bought Runtastic out for €220 million ( 240 million), this included the 50.1% stake Axel Springer bought in the company back in 2013, making Runtastic owned by Adidas.
After revision: On 5 August 2015, Adidas bought Runtastic for €220 million ( 240 million).On 25 September 2019, Runtastic was rebranded to Adidas Runtastic.HistoryThe idea was made during a project at the University of Applied Sciences Upper Austria for tracking sailboat races.The company was founded in 2009 by Florian Gschwandtner, Christian Kaar, René Giretzlehner, and Alfred Luger in Pasching, Upper Austria.In August 2015, it was announced that Adidas had bought Runtastic out for €220 million ( 240 million), this included the 50.1% stake Axel Springer bought in the company back in 2013, making Runtastic owned by Adidas.