Nayax Completes Acquisition of IPS Group
Summary
Nayax completed its $350 million acquisition of IPS Group and funded the deal with cash and new debt. The combined company will offer a platform that connects parking, payments, and EV charging for cities, universities, and private operators. IPS adds more than 250,000 parking spaces and a long-running smart parking software and payments business. Nayax says the acquisition strengthens its position in smart parking and expands its international commerce opportunity.
AskAI Classifications
Sectors
Fintech, Banking and Payments
Retail and Commerce
General FinTech
Functions
Developer and IT Infrastructure
Development Platforms
Linked Companies
Nayax Ltd.
$100M to $250M