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Nayax Announces Acquisition of Lynkwell
Globenewswire· 2025-12-04 12:30
Core Insights - Nayax Ltd. has announced the acquisition of Lynkwell, an AI-enabled EV charging platform, enhancing its solution in the EV charging ecosystem with an integrated platform that combines advanced software and payment solutions [1][2][5] Company Overview - Nayax is a global commerce enablement and payments platform designed to help merchants scale their business by simplifying payments and maximizing loyalty, with a focus on unattended retail [6] - As of September 30, 2025, Nayax operates 12 global offices, employs approximately 1,200 people, and has connections to over 80 merchant acquirers and payment method integrations [6] Acquisition Details - The acquisition was unanimously approved by the boards of both Nayax and Lynkwell, with an implied effective purchase price of $25.9 million in cash at closing for 100% of Lynkwell's business, plus an additional earnout based on profitability metrics within the first 12 months post-closing [7] - Lynkwell reported audited revenues of $17.1 million for 2024, indicating substantial year-over-year growth [7] Strategic Implications - The acquisition reinforces Nayax's strategy to deliver a comprehensive platform that integrates payment acceptance with advanced operational management software across various verticals, particularly in EV charging [2][4] - Lynkwell's platform is already recognized by hundreds of utilities and government procurement contracts, enhancing Nayax's operational capabilities in the EV charging sector [2][3] Market Positioning - The combined offerings of Nayax and Lynkwell are expected to provide customers with enhanced access to charging infrastructure solutions across public use cases, including retail, multi-family, workplace, fleet, and government settings [3] - The integration of Lynkwell's expertise with Nayax's financing solutions aims to accelerate deployment and maximize growth potential for customers, supporting Nayax's continued market growth [4]