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Nayax acquiring smart parking company IPS for $350 million
25.08.26
|
Meir Orbach
The fintech and payments company will acquire IPS in an all-cash deal, expected to close in the fourth quarter; The acquired company operates parking solutions in more than 250,000 parking spaces and is expected to end the year with revenues of more than $90 million; Natyax will finance $150 million of the deal with new debt and the balance from its own cash