In August 2015, it was announced that Adidas had acquired Runtastic for €220 million ($240 million), this included the 50.1% stake Axel Springer bought in the company back in 2013, making Runtastic entirely owned by Adidas. The company was founded in 2009 by Florian Gschwandtner, Christian Kaar, René Giretzlehner, and Alfred Luger in Pasching, Upper Austria. The initial idea was born during a project at the University of Applied Sciences Upper Austria for tracking sailboat races.
On 25 September 2019, the Runtastic channels were rebranded to Adidas Runtastic. On 5 August 2015, Adidas bought Runtastic for €220 million ($240 million). Runtastic GmbH is a digital health and fitness company from Austria.
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