$350MStrategic acquisitionTechnologyCompleted
Nayax closes $350M all-cash purchase of smart parking firm IPS Group
Nayax completed its acquisition of IPS Group from Windjammer Capital Investors for $350 million in cash. IPS brings payment-enabled smart parking technology installed across more than 250,000 parking spaces in the U.S., Canada, the U.K. and Ireland. Nayax says the deal expands its addressable cashless opportunity by about $85 billion, to roughly $342 billion by 2029.
Why it matters: Curbside payments and EV charging are becoming a single bundled sale to cities, and Nayax just bought its way to the front.
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