Nayax completes USD 350 million acquisition of smart parking technology provider IPS Group

Bitget2026/10/01 20:00

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Nayax completed the all-cash acquisition of smart parking technology provider IPS from Windjammer Capital for USD 350 million.
Deal financed with cash on hand, USD 150 million of new debt from Poalim Tech and First International Bank of Israel.
IPS expected to generate more than USD 90 million revenue in FY 2026, over 60% recurring, with adjusted EBITDA about USD 21 million.
Nayax expects IPS to add USD 20-22 million revenue, more than USD 5 million adjusted EBITDA from Oct. 1 through Dec. 31, 2026.
Combination targets an integrated platform for curbside parking, payments, EV charging, with IPS installed base above 250,000 parking spaces.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nayax Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610011600PRIMZONEFULLFEED9838211) on October 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Nayax completes USD 350 million acquisition of smart parking technology provider IPS Group

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