Nayax Enters into Definitive Agreement to Acquire IPS Group, a Leading Smart Parking Technology Provider
Nayax announced a definitive agreement to acquire IPS Group, a smart parking technology provider, for $350 million in an all-cash transaction. The acquisition expands Nayax's addressable cashless opportunity by approximately $85 billion and is expected to be immediately accretive to gross margin, adjusted EBITDA margin, and earnings per share. The deal is anticipated to close in Q4 2026 and generate run-rate EBITDA synergies of over $8 million by 2029.