Nayax to Acquire IPS Group for $350 Million in All-Cash Transaction

Nayax Ltd. (NASDAQ: NYAX), a global commerce enablement, payments, and loyalty platform, has entered into a definitive agreement to acquire IPS Group, Inc., a smart parking technology provider, from Windjammer Capital Investors for $350 million in an all-cash transaction. The acquisition aims to combine Nayax's payment infrastructure and global distribution with IPS's smart parking hardware and software, accelerating IPS's expansion into new markets and offering cross-sell opportunities.