Nayax Enters Into Definitive Agreement To Acquire Ips Group, A Leading Smart Parking Technology Provider
NYAX•Nayax to acquire IPS Group in all-cash deal
Aug. 25 (Reuters) - Nayax Ltd. NYAX.TA:
- Nayax enters into definitive agreement to acquire IPS Group, a leading smart parking technology provider
- Nayax - to buy IPS Group for $350 million in all-cash deal
- Nayax - run-rate EBITDA synergies of over $8 million expected by 2029
- Nayax - deal funded with cash on hand and $150 million of new committed debt
- Nayax: deal immediately accretive to gross margin, adjusted EBITDA margin, adjusted EPS, FCF conversion, is aligned with progress toward 2028 targets
- Nayax Ltd.: transaction is not reflected in Nayax's current 2026 guidance
