Apple has taken over Metaio, a Germany-based firm whose augmented reality technology is used by the developers and enterprise customers.
Apple has acquired Metaio for expanding its AR experiments. According to this document, the deal was officially closed last week.
The company told ZDNet, that Apple has issued its standard statement on lower-value acquisitions, saying that Apple buys smaller technology companies from time to time. Generally, it doesn't comment on the purpose or plans behind the acquisition.
As per TechCrunch, Metaio was spun out of a project at Volkswagen. It was launched in 2003. The publication reported that signs, indicating a change in the company were emerged last month when it cancelled its user conference in San Francisco.