# Nayax signs $350 million deal to acquire IPS Group

_Tuesday, August 25, 2026 at 6:00 AM EDT · Products · Latest · Tier 2 — Notable_

Nayax said it has entered a definitive all-cash agreement to acquire smart-parking technology provider IPS Group for $350 million. IPS operates payment-enabled parking hardware, software and data tools across more than 250,000 parking spaces. Nayax said the combination would pair IPS's parking platform with its payments infrastructure and distribution network in more than 120 countries. The company expects the deal to close in the fourth quarter of 2026, subject to regulatory approvals and customary closing conditions.

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2026/08/25/3350268/0/en/nayax-enters-into-definitive-agreement-to-acquire-ips-group-a-leading-smart-parking-technology-provider.html)

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Retrieved: 2026-08-25T14:35:42.692Z
Publisher: Tech & Business (techandbusiness.org)