Nayax expands into smart parking with IPS Group acquisition

Windjammer Capital agreed to sell IPS Group, a smart parking infrastructure provider, to Nayax Ltd. for $350 million. Nayax is listed on Nasdaq (NYAX).

Nayax Ltd. (NYAX) agreed to acquire IPS Group for $350M, expanding its smart parking tech. IPS, with 250K+ parking spaces, expects $90M revenue in 2026. The deal aims to boost Nayax's cashless payments market reach to $342B by 2029, with synergies of $8M+ by 2029.

Nayax Ltd. (NYAX) will acquire IPS Group for $350M in cash, funding it with existing cash and new debt. The deal, expected to close in Q4 2026, aims to expand Nayax's cashless payment opportunities to $342B by 2029. IPS, with 2026 revenue projected at $90M, operates in smart parking solutions. The acquisition is anticipated to be immediately accretive to Nayax's financials.

Nayax (TASE: NYAX; Nasdaq: NYAX) acquires IPS Group, a US smart parking tech company, for $350M cash. The deal expands Nayax's cashless payment market to $342B by 2029. Nayax will finance the acquisition with $150M in debt, increasing its leverage. IPS Group operates in 250,000+ parking spaces and processes millions of transactions annually.

Windjammer Capital has agreed to sell IPS Group, a smart parking infrastructure provider, to Nayax Ltd. for $350 million. IPS offers integrated parking solutions, including meters, mobile apps, and data analytics, serving North America, the UK, and Ireland. Windjammer acquired IPS in 2020 and invested in its growth, expanding its product ecosystem and leadership team.

Nayax reported Q2 2026 revenue of $123 million, up 28% YoY, with organic revenue growth of 21.4%. Total recurring revenue was $87.7 million (72% of revenue) and adjusted EBITDA was $14.1 million. The company guided FY2026 revenue to $510-$520 million and adjusted EBITDA to $85-$90 million, while discussing a proposed U.S. innovation bank charter and Lynkwell EV charging expansion.