Nayax completes $350M IPS smart-parking acquisition

Nayax said on October 1, 2026 that it has completed its acquisition of IPS Group from Windjammer Capital Investors in an all-cash transaction for a total consideration of $350 million.

Nayax closed its purchase of IPS Group on October 1, 2026 — a sealed Completes announcement, not another pending-deal update.

Completes on October 1

Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX) said on Oct. 1, 2026 that it has completed its acquisition of IPS Group, Inc. ("IPS"), a provider of payment-enabled smart parking technology, from Windjammer Capital Investors in an all-cash transaction for a total consideration of $350 million. The Completes release is posted on Nayax's investor relations news page and furnished to the SEC as Exhibit 99.1 to Form 6-K AccNo 0001178913-26-004689 (filed Oct. 1, 2026).

Completes describes IPS as contributing a vertical parking platform and an installed base of more than 250,000 parking spaces across the United States, Canada, the United Kingdom, and Ireland. Nayax says it will strengthen that base with its payments infrastructure and extend it through a commercial presence in over 120 countries. Completes also states the acquisition expands Nayax's addressable cashless opportunity by approximately $85 billion, to approximately $342 billion by 2029 — company framing, not an independent market census.

Chairman and CEO Yair Nechmad framed the close as giving Nayax "a leading position at the curb," with an ambition to offer cities a mobility solution spanning parking and EV charging. IPS CEO Chad Randall said customers gain a broader payments and EV charging ecosystem as IPS's platform gains a global stage. Completes says Randall and the IPS executive team will continue to lead the business from San Diego, California.

What Completes says about financing and near-term contribution

Completes restates total enterprise value of $350 million in an all-cash, cash-free, debt-free deal. It also discloses that Nayax financed the transaction with cash on hand and approximately $150 million of new debt from Poalim Tech, the banking arm for tech companies of Bank Hapoalim, and First International Bank of Israel.

On IPS's own run-rate, Completes reiterates that IPS is expected to have FY 2026 revenue of more than $90 million, with more than 60% recurring revenue and approximately 20% organic growth over FY 2025, and Adjusted EBITDA of approximately $21 million with free cash flow conversion of approximately 80%. For Nayax's FY 2026, Completes says IPS is expected to contribute approximately $20-22 million of revenue and greater than $5 million of Adjusted EBITDA for the Oct. 1 through Dec. 31, 2026 period. Completes also states the deal is expected to be immediately accretive to gross margin, Adjusted EBITDA margin, Adjusted Earnings Per Share, and free cash flow conversion — those are company expectations on Completes, not independently verified accretion math.

What the August 2026 agreement set

The Completes release confirms closing and restates the $350 million price. That same $350 million figure was disclosed when Nayax announced a definitive agreement on Aug. 25, 2026, with the transaction then expected to close in the fourth quarter of 2026 — now sealed by the October 1 Completes. Form 6-K AccNo 0001178913-26-004245 EX-99.1 furnished the August announce.

Readers should keep the layers straight: October 1 Completes seals consummation and restates $350 million all-cash consideration; August 25 is the definitive-agreement announcement and then-expected Q4 close context.

Why the close matters

A Completes release on October 1 turns the previously announced IPS purchase into a sealed close for a Nasdaq-listed payments company moving deeper into curb commerce. For readers tracking payments and unattended-retail M&A, the distinction that matters is sealed Completes versus priced-or-signed-but-not-closed — this one is closed on Nayax's Completes disclosure and the accompanying Form 6-K exhibit.

Sources & evidence

Primary Completes: Nayax Completes Acquisition of IPS Group (Nayax IR, Oct. 1, 2026). Primary filing: Form 6-K AccNo 0001178913-26-004689 EX-99.1 (Oct. 1, 2026). Supporting announce: Nayax Enters into Definitive Agreement to Acquire IPS Group (Aug. 25, 2026; Form 6-K AccNo 0001178913-26-004245 EX-99.1).