Nayax Completes $350 Million Acquisition of Smart Parking Firm IPS Group

Nayax, a global commerce and payments platform company, announced the completion of its acquisition of the American firm IPS Group for $350 million in cash. This transaction marks the largest deal in Nayax's history. The acquisition was financed through Nayax's existing cash reserves and approximately $150 million in new financing provided by Poalim Tech, the high-tech banking arm of Bank Hapoalim, and International Bank.

The purchase represents a significant entry for Nayax into the smart parking market and expands its operations in the autonomous commerce sector. Nayax estimates that the integration of IPS Group's activities will increase its potential market in cashless payments by approximately $85 billion, reaching about $342 billion by 2029.

IPS Group, whose technology is deployed in over 250,000 parking locations across the US, Canada, the UK, and Ireland, is projected to generate over $90 million in revenue and approximately $21 million in adjusted EBITDA in 2026. Nayax executives anticipate that IPS Group will contribute between $20-22 million to Nayax's revenues and over $5 million to adjusted EBITDA starting in the fourth quarter of 2026.

IPS Group, with over 20 years of experience, is a leading provider of payment-based smart parking solutions. Its platform processes millions of transactions annually for municipalities, universities, and private operators. The company's offerings include smart parking meters, mobile and text-based payments, enforcement and permit software systems, vehicle identification, and data-driven solutions for managing parking and urban spaces.

Nayax plans to integrate IPS's parking technology and market position with its global payment infrastructure, which spans over 120 countries. This integration is expected to accelerate IPS's expansion into new international markets, particularly in Europe, while providing Nayax customers access to advanced urban space and parking management solutions.