A2Z Smart Technologies Acquires Israel-Based Manufacturer Isramat To Support Growth of Cust2Mate Smart Cart Business
TEL AVIV, ISRAEL / ACCESSWIRE / January 17, 2022 / A2Z Smart Technologies Corp. ("A2Z" or the "Company") (NASDAQ:AZ)(TSXV:AZ), today announced that it has entered into a share purchase agreement (the "SPA") to acquire a 100% equity interest in Isramat Ltd ("Isramat"), an Israeli manufacturer of precision metal parts (the "Acquisition"). This strategic acquisition vertically integrates certain manufacturing capabilities for the production of A2Z's Cust2Mate smart cart while complementing existing contract manufacturing partnerships to support anticipated worldwide growth.Isramat currently operates a 5,600 square foot manufacturing facility in Holon, Israel, and has 42 full-time employees. For
