Nayax to acquire IPS Group for $350M in smart parking push (NYAX:NASDAQ)

Nayax to acquire IPS Group for $350M in smart parking push (NYAX:NASDAQ)

Nayax (NYAX) said it will buy smart parking technology provider IPS Group from Windjammer Capital Investors in an all-cash transaction valued at $350M.

Nayax Agrees to Acquire IPS Group

Nayax plans to acquire smart parking technology provider IPS Group to expand its presence in parking and curb management. The acquisition will combine IPS’ parking technology and 250,000-space footprint with Nayax’s payments infrastructure and global reach, creating new expansion and cross-sell opportunities. The deal reflects Nayax’s “land and expand” M&A strategy and the broader convergence of payments and vertical software as payment provider…

Windjammer to Sell IPS Group - Orange County Business Journal

Private equity firm Windjammer Capital said today it has signed a definitive agreement to sell its portfolio company, IPS Group, Inc. to fintech company Nayax Ltd. for $350 million cash-free and debt-free. (Nasdaq: NYAX). Windjammer is based in Newport Beach and Waltham, Mass. Headquartered in San Diego, IPS is a provider of smart parking infrastructure, offering a fully integrated ecosystem spanning smart single- and multi-space meters, mobile …

Nayax Lays Out $350 Million to Acquire Parking Maestro IPS Group

The combination will expand Israel-based Nayax’s reach by adding the 250,000 parking spaces San Diego-based IPS controls in the U.S. and Canada, as well as in the United Kingdom and Ireland. The locations include city street spaces as well as college-campus and commercial slots. IPS manages the spaces through smart meters, which can handle digital payments, provide data for lot owners, and offer enforcement capabilities. IPS’s revenue is expecte…

Nayax Enters into Definitive Agreement to Acquire IPS Group, a Leading Smart Parking Technology Provider

Acquisition establishes Nayax as a leader in smart parking, expanding its addressable cashless opportunity by

Windjammer Capital Announces Sale of IPS Group

NEWPORT BEACH, Calif. & WALTHAM, Mass.--(BUSINESS WIRE)--Windjammer Capital (“Windjammer”) today announced it has signed a definitive agreement to sell its portfolio company, IPS Group, Inc. (“IPS” or the “Company”), to Nayax Ltd. (NASDAQ; TASE: NYAX, “Nayax”) for $350 million cash-free and debt-free. Headquartered in San Diego, California, IPS is a leading provider of mission critical smart parking infrastructure, offering a fully integrated ec…