IPS already runs parking payment technology across more than a quarter-million parking spaces in the U.S., Canada, U.K. and Ireland.
The deal gives Nayax a much bigger position in parking payments, curbside technology and EV charging, turning the Israeli company from a payments business into a much larger mobility platform.
For Nechmad, it is the biggest acquisition in Nayax’s history and one of the company’s largest moves into the U.S. market.
A $350 million purchase now puts Israeli technology behind a huge piece of everyday parking infrastructure across multiple countries.