Nayax to Acquire IPS Group in $350 Million Deal

Israeli fintech firm Nayax will acquire California-based smart parking provider IPS Group for $350 million. The transaction, expected to close in Q4 2026, will be financed through existing cash and new debt facilities. This acquisition expands Nayax's market presence in smart city solutions and payment technology, potentially impacting the future of urban infrastructure. IPS's executive management team is expected to remain in place.