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Nayax completes acquisition of IPS Group

Friday, October 02, 2026 — 15:18:54 (UTC)

Nayax Completes Acquisition of IPS Group

Acquisition extends Nayax’s payments leadership into mobility with a market-leading smart parking platform serving more than 250,000 parking spaces

HERZLIYA, Israel, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a global commerce enablement, payments, and loyalty platform designed to help merchants scale their business, today announced it has completed its acquisition of IPS Group, Inc. ("IPS"), a leading provider of payment-enabled smart parking technology, from Windjammer Capital Investors in an all-cash transaction for a total consideration of $350 million.

Together, Nayax and IPS will offer cities, universities, and private operators a single differentiated platform that combines parking, payments, and EV charging at the curb. IPS contributes a market-leading vertical platform and an installed base of more than 250,000 parking spaces across the United States, Canada, the United Kingdom, and Ireland, a foundation Nayax will strengthen with its global payments infrastructure and extend internationally through its established commercial presence in over 120 countries. The acquisition immediately establishes Nayax as a leader in smart parking and expands its addressable cashless opportunity by approximately $85 billion, to approximately $342 billion by 2029.

"IPS gives Nayax a leading position at the curb, one of the most demanding and valuable environments in unattended commerce," said Yair Nechmad, Chairman and Chief Executive Officer of Nayax. "Our ambition is to offer cities worldwide a comprehensive mobility solution with payments at its core, from parking to EV charging and beyond."

"IPS has spent more than 20 years earning the trust of the cities and operators we serve," said Chad Randall, Chief Executive Officer of IPS. "As part of Nayax, our customers gain a broader payments and EV charging ecosystem, and our platform gains a global stage."

Transaction Details: - Total enterprise value of $350 million in an all-cash transaction on a cash-free, debt-free basis, representing approximately 17x 2026E Adjusted EBITDA excluding anticipated synergies, and approximately 12x including run-rate synergies of more than $8 million. - Nayax financed the transaction with cash on hand and approximately $150 million of new debt from Poalim Tech, the banking arm for tech companies of Bank Hapoalim, and First International Bank of Israel. - Nayax reiterates that IPS is expected to have an FY 2026 revenue of more than $90 million, with more than 60% recurring revenue and approximately 20% organic growth over FY 2025, and Adjusted EBITDA of approximately $21 million with free cash flow conversion of approximately 80%. - Nayax expects IPS to contribute approximately $20-22 million of revenue and greater than $5 million of Adjusted EBITDA to its FY 2026 results, reflecting the period from October 1, 2026 through December 31, 2026. - The transaction is expected to be immediately accretive to gross margin, Adjusted EBITDA margin, Adjusted Earnings Per Share, and free cash flow conversion, and is aligned with Nayax’s progress toward its 2028 targets. - Chad Randall and the IPS executive team will continue to lead the business from San Diego, California.

Advisors: Jefferies LLC served as exclusive financial advisor and Reed Smith LLP served as legal counsel to Nayax. Poalim Tech, the banking arm for tech companies of Bank Hapoalim, and First International Bank of Israel provided debt financing to Nayax for the transaction. Harris Williams served as exclusive financial advisor and Kirkland & Ellis LLP served as legal counsel to IPS Group, Inc. and Windjammer Capital Investors.

About Nayax: Nayax is a global commerce enablement, payments, and loyalty platform designed to help merchants scale their business. Nayax offers a complete solution including localized cashless payment acceptance, management suite, and loyalty tools, enabling merchants to conduct commerce anywhere, at any time. With foundations and global leadership in serving unattended retail, Nayax has transformed into a comprehensive solution focused on our customers’ growth across multiple channels. As of June 30, 2026, Nayax has 13 global offices, approximately 1,250 employees, connections to more than 80 merchant acquirers and payment method integrations, and is globally recognized as a payment facilitator. Nayax’s mission is to improve our customers’ revenue potential and operational efficiency, effectively and simply. For more information, please visit www.nayax.com.

About IPS Group, Inc.: Founded in 2000 and headquartered in San Diego, California, with offices in Canada and Europe, IPS Group, Inc. is an integrated payments, software, and data analytics platform powering smart parking and curb management for municipalities, universities, and private operators. IPS launched one of the first payment-enabled smart parking meters in 2005 and today delivers a fully integrated ecosystem spanning single and multi-space meters, mobile and text-based payments, and mission-critical parking management software. IPS manages more than 250,000 parking spaces across the United States, Canada, the United Kingdom, and Ireland.

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Source: Company press release.

Categories: Acquisition