Nayax, a global commerce enablement payments and loyalty platform, has announced its acquisition of Retail Pro, a retail Point of Sale (POS) software company, in a deal worth $36.5 million. This strategic move significantly broadens Nayax’s retail offerings, granting access to over 9,000 retailers across more than 100 countries and approximately 150,000 POS lanes. The acquisition also provides Nayax with a vast partner network comprising over 80 distributors worldwide.
Strengthening Nayax’s Position in the Retail Market
Nayax, which became the first Israeli unicorn to go public on the Tel Aviv Stock Exchange in 2021, continues its growth trajectory with the acquisition of Retail Pro. The deal is set to bolster Nayax’s presence in the global attended retail market, fortifying its position as a leading provider of innovative retail solutions.
Immediate Accretive Impact on Net Income
The acquisition of Retail Pro is expected to have an immediate accretive effect on Nayax’s net income, with the deal slated to close in Q4 2023. This strategic move is part of Nayax’s ongoing commitment to enhancing its product portfolio and customer experience.
A Shared Vision of Innovation
Yair Nechmad, CEO and Chairman of the Board at Nayax, expressed enthusiasm about joining forces with Retail Pro’s talented team, emphasizing the potential for synergy in creating comprehensive and innovative retail solutions. Kerry Lemos, CEO of Retail Pro, echoed this sentiment, highlighting their shared dedication to product innovation and customer-centric approaches.
Retail Pro’s integrated platform and retail software solutions have earned the company approximately $14 million in adjusted revenue in 2022, making this acquisition a pivotal step in Nayax’s journey toward providing cutting-edge retail solutions on a global scale.
Nayax’s acquisition of Retail Pro marks a significant development in the retail technology sector, with the combined expertise and resources of these two companies poised to drive innovation and transformation in the attended retail market.
TL;DR:
Nayax, the global commerce enablement platform, is set to acquire Retail Pro, a retail Point of Sale (POS) software company, for $36.5 million. This strategic move expands Nayax’s retail solutions to over 9,000 retailers across 100+ countries, enhancing its position as a leading provider of innovative retail solutions. The acquisition is expected to have an immediate positive impact on Nayax’s net income, with the deal closing in Q4 2023. Both companies share a commitment to innovation and customer experience, making this acquisition a pivotal step in Nayax’s journey to global retail leadership.
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