Google buys Kitchener-based tech company North Inc.
North's founders made the announcement on their website on Tuesday morning.
Formerly Thalmic Labs, North Inc. transitioned to making smart glasses at the end of 2018.
Prior to the high-tech glasses, the company developed a motion-controlled device called the Myo armband.
In recent months, the company had to lay off a number of staff, and the federal government stopped making investment payments to the company. In February, Canada's Innovation Minister said the government was looking to recoup money from the company after news of the layoffs surfaced.
• Kitchener's North Inc. gets $24M from federal government for job creation
"Over the last while, it became clear that aligning with Google would significantly advance our shared vision," the company's three founders Stephen Lake, Matthew Bailey and Aaron Grant said in a statement on their website.
The company plans to stay in Kitchener-Waterloo, but it will no longer be making their smart glasses, known as "Focals."
"We are winding down Focals 1.0 and we will not be shipping Focals 2.0," the statement said.
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