** Shares of Australia's Smart Parking SPZ.AX rise as much
as 8% to A$0.27
** Co, which majorly operates in the parking industry, says
it has acquired Germany-based tech and co-working hub
ParkInnovation (PI)
** Says deal is for a price of A$2 mln ($1.38 mln)
** ParkInnovation adds 46 manually operated sites to the
Smart Parking estate - co
** Stock down 2% this year, as of last close
($1 = 1.4531 Australian dollars)
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))