By Seb Joseph

Apple has acquired German technology business Metaio, which specialises in developing augmented reality applications.

The deal was officially disclosed last week when the iPhone maker filed a document with a Munich court. It revealed Apple is now Metaio’s sole shareholder but did not disclose the fee.

The augmented reality firm, which was originally spun out from Volkswagen in 2003, has had several previous investors.

The company’s augmented reality software is used to overlay graphical enhancements onto products and environments in order to enhance the customer experience. From virtual showrooms to visual manuals for operating complex equipment, augmented reality software is being trialed by Read full story ›

Source: The Drum