FEC PAYMENT SOLUTIONS PROVIDER NAYAX BUYS RIVAL

DEAL 1st time exhibitor and smart payment solutions developer Nayax is to acquire rival On Track Innovations (OTI). OTI develops and sells smart payment solutions for unattended machines and has a strong presence in strategic markets. The acquisition will support its continued expansion. Yair Nechmad, CEO of Nayax, said: “This acquisition is an important step in our plan to gain share in our targeted markets and accelerate our growth opportunities in territories such as Japan. OTI has an experienced workforce, a high-quality and loyal customer base as well as significant operations in the automatic refuelling system market”. "This transaction supports Nayax’s strategic business plan, as they constantly explore potential acquisitions with complementary technologies that will support their continued growth.” Source : Intergame