![]() ![]() The two technology companies are also building their own software and services for the health and fitness-conscious. It is part of the company’s connected fitness division, whose revenue last year accounted for 1.8 of Under Armour’s 5bn in total. Under Armour, which said in a statement that it’s trying to create the world’s largest digital health and fitness community, may soon compete with Apple Inc and Google Inc. Under Armour bought MyFitnessPal in 2015 for 475m (£338m). San Francisco-based MyFitnessPal started in 2006 as a fitness mapping website to help runners and. In November 2013, UnderArmour acquired MapMyFitness, an app to virtually track fitness workouts. Under Armour will buy MyFitnessPal for 475 million, and Endomondo for 85 million. It sold MyFitnessPal for 345 million to investment firm Francisco Partners, 130 million lower than the price it had acquired it for in 2015. This isn’t the first mobile acquisition for the sports retailer. In 2020, Under Armour decided it was time to shift focus, with a new CEO, Patrik Frisk, focused more on apparel and less on the technology side. That data is an attractive prospect for Under Armour, which is increasingly looking to use insights about consumers’ health and fitness to sell more apparel. ![]() The company said the sale was part of its ongoing transformation and 'reduces the. Terms of the deals were not disclosed these acquisitions join the company's. Under Armour said it will sell its MyFitnessPal unit to Francisco Partners in a deal valued at 345 million. MyFitnessPal, which claims to have over 80 million registered users, has developed one of the largest nutrition and calorie databases. Under Armour is expanding its digital health and fitness community with the purchase of MyFitnessPal and Endomondo. It will also fork over $85 million for Danish firm Endomondo, which describes itself as a personal trainer in your pocket. The company said on Wednesday it will pay $475 million for MyFitnessPal, a free app for tracking food habits and caloric-intake. According to the company, the sale announced today is valued at 345. SAN FRANCISCO, Feb 4 (Reuters) - Under Armour Inc, which provides sports clothing and accessories, has acquired two mobile apps for about $560 million, moving deeper into the trendy “connected fitness” and wearable devices sphere. It’s also discontinuing the Endomondo personal trainer app it bought at the same time as MyFitnessPal for 85 million. ![]()
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