On October 1, 2026, Nayax Ltd. completed its acquisition of IPS Group for $350 million in an all-cash transaction on a cash-free, debt-free basis. The deal was financed using existing cash and approximately $150 million in new debt from Poalim Tech and First International Bank of Israel. IPS operates a smart parking platform serving over 250,000 spaces across the US, Canada, UK, and Ireland, with FY 2026 revenue exceeding $90 million and Adjusted EBITDA of approximately $21 million. The acquisition expands Nayax's addressable market by roughly $85 billion to $342 billion by 2029 and is expected to be immediately accretive to earnings. Nayax Ltd. operates in the global commerce enablement, payments, and loyalty platform industry.
