MySize Announces Acquisition Strategy Focused on Defense Technology

MySize, Inc. (Nasdaq: MYSZ) has announced a new strategy centered on growth through acquisitions in the defense technology sector. The company plans to develop a defense technology platform by evaluating potential acquisition targets over time.

The strategy aims to establish MySize as a significant player within the defense technology market. The company will assess various acquisition opportunities that are expected to align with its long-term objectives and provide synergistic benefits.

Specifics regarding the types of defense technology companies MySize intends to pursue, or the financial arrangements for this strategy, were not detailed in the announcement. The company indicated that further updates will be provided as decisions are made.

MySize was previously known for its sizing technology. This strategic shift towards acquiring businesses in the defense technology space represents a significant change in the company's operational focus.