Nayax Completes Acquisition of IPS Group
Key Highlights
- ➤IPS acquisition (NYAX) completed for $350 million all-cash consideration
- ➤IPS manages more than 250,000 parking spaces across four markets
- ➤Nayax (NYAX) expands addressable cashless opportunity by approximately $85 billion
- ➤IPS FY 2026 revenue expected above $90 million, Adjusted EBITDA approximately $21 million
- ➤Nayax (NYAX) expects $20-22 million IPS revenue contribution in FY 2026
Expert Statements
Yair Nechmad, Chairman and Chief Executive Officer of Nayax
“IPS gives Nayax a leading position at the curb, one of the most demanding and valuable environments in unattended commerce.”
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.”
Chad Randall, Chief Executive Officer of IPS
“IPS has spent more than 20 years earning the trust of the cities and operators we serve.”
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.”
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.
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