Nayax acquires IPS Group

● STRATEGIC | GOVTECH

AUGUST 25, 2026

Nayax acquires IPS Group

TARGET

Smart parking meters, enforcement and permitting software, mobile payments, and curb analytics for municipalities, universities, and private parking operators.

Revenue	>$90 million (2026 forecast)
EBITDA	$21 million adjusted EBITDA (2026 forecast)
Ownership	PE-backed
Prior owner	Windjammer Capital Investors
Investors	Windjammer Capital Investors
Headcount	149 FTEs
Headquarters	San Diego, California
Leadership	Chad Randall, Chief Executive Officer
Sell-side advisor	Harris Williams

ACQUIRER

Nayax

Publicly traded global commerce enablement, payments and loyalty platform for unattended retail and self-service commerce

Deal value	$350M total consideration
Ownership	Publicly traded (NASDAQ: NYAX)
Capital raised	$297.47M
Headcount	~1,250 FTEs
Headquarters	Herzliya, Israel
Leadership	Yair Nechmad, Co-founder, CEO & Chairman of the Board
Buy-side advisor	Jefferies LLC

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Nayax -> IPS Group  (2026-08-28)
sponsor_exit | GovTech | $350 million total consideration | announced
Target: Smart parking meters, enforcement and permitting software, mobile payments, and curb analytics for municipalities, universities, and private parking operators.
Website: ipsgroup.com | Buyer site: nayax.com
HQ: San Diego, California | Ownership: pe-backed | Seller: Windjammer Capital Investors | Buyer ownership: public (NASDAQ: NYAX)
Advisors - Sell-side: Harris Williams; Buy-side: Jefferies LLC
Source: Thematic - https://thematichq.com/software/d/nayax-ips-group.html

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