Update: Nayax Shares Rise After Signing Deal to Acquire IPS Group for $350 Million in Cash

09:43 AM EDT, 08/25/2026 (MT Newswires) -- (Updates with stock move in the headline and first paragraph.) Nayax (NYAX) shares were up nearly 12% in early Tuesday trading after the company said it agreed to acquire IPS Group from Windjammer Capital Investors for $350 million in an all-cash transaction, expanding its presence into smart parking. The deal is expected to generate more than $8 million in annual run-rate earnings before interest, taxes, depreciation, and amortization synergies by 2029, and expand Nayax's addressable cashless opportunity to about $342 billion by 2029, the company said. IPS provides payment-enabled parking technology, including meters, vehicle detection and curb analytics, serving municipalities, universities and private operators, and managing more than 250,000 parking spaces, Nayax said. Price: 51.71, Change: +5.53, Percent Change: +11.97