Israeli fintech firm Nayax (TASE: NYAX; Nasdaq: NYAX) has introduced that it’s buying US good parking know-how firm IPS Group for $350 million money – its biggest-ever acquisition.
Nayax, which offers cashless cost options, is buying IPS Group from Windjammer Capital Traders, which itself purchased the corporate in 2020 for an undisclosed sum.
Nayax says the acquisition represents a big entry into the good parking market and expands its operations within the autonomous commerce sector. The corporate provides that the mix of actions will improve Nayax’s potential goal market within the cashless funds sector by $85 billion, to $342 billion by 2029.
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In response to Nayax, the worth of ISP’s operations within the deal displays a a number of of 17 on the adjusted EBITDA forecast this 12 months, and with the anticipated synergies, totaling $8 million per 12 months by 2029, the a number of is about 12. Nayax believes that the deal will contribute instantly to its earnings.
Financing the deal: Nayax’s debt will improve
On the finish of the second quarter, Nyx had money and short-term and long-term investments value about $304 million. To finance the acquisition, Nyx will increase about $150 million in debt. The corporate will thus improve its leverage and debt, which on the finish of the second quarter was $358 million, primarily in long-term debt to bondholders. Nayax sees its web monetary debt to EBITDA ratio to be 3.8 on completion of the deal within the fourth quarter, and falling beneath 3 by the tip of 2027.
Nayax stated ISP is a number one supplier of payment-based good parking options with over 20 years of operation and know-how deployed in additional than 250,000 parking areas. Its options course of thousands and thousands of transactions yearly for native authorities, universities and personal operators, and embrace good parking meters, cellular funds, car identification and extra. Nayax plans to combine ISP’s know-how within the markets wherein it operates, with an emphasis on Europe.
Nayax chairman and CEO Yair Nechman stated, “Cities run a few of the most demanding unattended commerce anyplace, with strict compliance necessities and infrastructure that should final a decade. Along with IPS we may give cities a unified platform for the curb and run parking alongside EV charging.”
IPS CEO Chad Randall added, “Over greater than 20 years now we have constructed probably the most full on-street resolution out there. Becoming a member of Nayax will provide IPS the sources to develop globally and improve our parking know-how ecosystem providing for patrons.”
Revealed by Globes, Israel enterprise information – en.globes.co.il – on August 25, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
