Nayax agrees to buy IPS Group for USD 350 million in cash
NYAX•Nayax to acquire IPS Group in cash deal
Nayax agreed to buy smart parking technology provider IPS Group from Windjammer Capital for USD 350 million in cash.
- The deal values IPS at about 17x 2026E adjusted EBITDA, or about 12x including run-rate synergies above USD 8 million.
- IPS expects FY 2026 revenue above USD 90 million, with over 60% recurring, and adjusted EBITDA of about USD 21 million.
- Funding will include cash on hand and about USD 150 million of new committed debt; net leverage is seen at about 3.8x at closing.
- Closing is targeted for Q4 2026.
- IPS management is expected to continue leading the business from San Diego.
