Nayax acquires IPS Group for $350m in parking-to-EV mobility push

The Israeli fintech giant's all-cash deal merges cashless payments with smart parking and EV charging across 250,000 urban spaces.

By Disrupts Editorial Team Fri, 16 October 2026 AI level 2 of 5

AI level 2 of 5: drafted by our AI editorial assistant from the company's announcement; fact-checked, edited and signed off by Mark Walker, Editorial Director. What the levels mean

A brightly lit, modern industrial facility displaying rows of large stainless steel processing equipment, accented by yellow guardrails and blue pumps, with tall glass columns containing orange liquid, all beneath a metal roof with skylight

Nayax (Nasdaq: NYAX), the Israel-headquartered payments and commerce platform, has completed its $350 million all-cash acquisition of IPS Group, a San Diego-based smart parking technology provider. The deal, funded partly through $150 million of new debt from Israeli banks Poalim Tech and First International Bank of Israel, brings together two distinct infrastructure layers, cashless payment rails and physical urban mobility management, into a single kerb-side platform spanning parking meters, mobile payment software and EV charging points.

IPS Group manages more than 250,000 parking spaces across the United States, Canada, the United Kingdom, and Ireland, operating an integrated ecosystem of hardware meters, data analytics and parking management software built over more than two decades. Nayax says it intends to extend that footprint internationally, leveraging its commercial presence in over 120 countries to deploy IPS's platform in markets where smart parking infrastructure remains fragmented or analogue.

From payments rails to urban mobility stack

The strategic logic here runs well beyond a bolt-on acquisition. Nayax is positioning itself at what it calls "the curb", the physical intersection of parking, transit, and EV charging that is fast becoming one of the most contested real-estate strips in urban planning. As municipalities across North America and Europe accelerate EV adoption targets and redesign street-level infrastructure, the kerb becomes a managed digital asset: a location where a single platform can collect parking revenue, authenticate EV charging sessions, and surface loyalty or dynamic-pricing tools simultaneously. Nayax's chairman and CEO Yair Nechmad framed the ambition plainly: "Our ambition is to offer cities worldwide a comprehensive mobility solution with payments at its core, from parking to EV charging and beyond."

Financially, the transaction values IPS at approximately 17x its projected 2026 adjusted EBITDA before synergies, falling to roughly 12x when run-rate synergies of more than $8 million are included. IPS is expected to generate more than $90 million in revenue for the full year 2026, with over 60% of that figure recurring, a subscription-style revenue profile that markedly improves Nayax's own margin mix. Nayax says the deal is immediately accretive to gross margin, adjusted EBITDA margin, adjusted earnings per share, and free cash flow conversion.

The EV infrastructure capital race

The broader context for this deal sits in an accelerating capital race around EV charging and urban mobility infrastructure. Public and private operators are scrambling to own the physical and software layer through which EV charging transactions will flow at scale. Payment facilitators, charge-point operators, and parking asset managers are converging on the same physical location, the kerb, and the M&A market is reflecting that pressure. Nayax estimates the acquisition expands its total addressable cashless market by approximately $85 billion, to around $342 billion by 2029, though that figure relies on company-issued projections and should be read as directional.

The geopolitical dimension is also worth noting. Nayax is an Israeli-listed company financing a US-centric infrastructure acquisition through Israeli banking relationships, at a moment when GCC sovereign capital and US infrastructure policy (under the Inflation Reduction Act's EV charging mandates) are simultaneously reshaping who owns urban mobility infrastructure in Western cities. The decision to retain IPS CEO Chad Randall and the San Diego leadership team intact signals Nayax's intent to preserve US municipal relationships that took decades to build, relationships that a foreign-headquartered acquirer could easily destabilise.

For cross-sector investors, the deal is a reminder that the EV transition is not only a battery chemistry or grid-power story. It is equally a payments infrastructure story, and the companies positioned to collect the transaction fee on every EV charging session, embedded within a broader parking and mobility platform, may represent a durable fintech moat in the physical world.