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Nayax Adds Smart-Parking Platform With $350 Million IPS Deal

BenzingaLekha Gupta

Nayax (NYAX) stock jumped 12% after announcing a $350M cash acquisition of IPS Group to expand its smart parking and EV payment reach.

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  1. Globenewswire IncNa

    Nayax Completes Acquisition of IPS Group

    Nayax Ltd. has completed its all-cash acquisition of IPS Group, Inc. for $350 million, establishing itself as a leader in smart parking technology. The deal combines Nayax's global payments infrastructure with IPS's market-leading platform serving over 250,000 parking spaces across North America and Europe, expanding Nayax's addressable market by approximately $85 billion.