Nayax Expands its Horizons with Lynkwell Acquisition
In a significant move, Nayax Ltd. (NASDAQ: NYAX) has announced its acquisition of Lynkwell, an innovative AI-enabled platform focused on electric vehicle (EV) charging. This strategic decision not only bolsters Nayax's existing portfolio but also emphasizes its commitment to integrate advanced technology into its operations.
Strengthening the EV Charging Ecosystem
The acquisition of Lynkwell is a pivotal step for Nayax as it aims to enhance the scope of its payment acceptance systems coupled with operational management software tailored for the diverse sectors it serves. By leveraging partnerships to embed its payment technology in various EV charging setups, Nayax is now poised to provide comprehensive solutions for EV charging across different environments.
Benefits for Nayax’s Partners
With this acquisition, Nayax enables its partners to seamlessly access Lynkwell's extensive suite of products and services. These offerings are tailored to facilitate the development and management of charging infrastructure for public use cases, including workplaces, retail spaces, and government facilities. Lynkwell’s strength in public charging complements Nayax’s strategy, which aims at maximizing both financial returns and operational efficacy for its customers.
Innovative Solutions for Infrastructure Deployment
By integrating Lynkwell's industry-specific knowledge into its flexible financing options, Nayax positions itself to elevate customer potential. This collaboration is set to expedite the deployment of charging stations, ultimately enhancing the growth trajectory of Nayax in the market.
Leadership Insights
Aaron Greenberg, the Chief Strategy Officer of Nayax, commented, "Lynkwell is not just a partner but a crucial element in our strategy to create an all-encompassing EV charging platform. Together, we are architecting a more intuitive charging experience, where payment solutions and software coalesce seamlessly to support modern charging networks."
Forward-Thinking Perspectives
As Jason Zarillo, Co-Founder of Lynkwell, notes, this acquisition extends beyond a mere partnership. It signifies an impactful leap forward in the EV charging and renewable energy sector, promising an elevated standard for interoperability and driving innovation for cleaner energy solutions in various communities.
Transaction Details
The acquisition has received unanimous approval from the boards of both companies. It involves an implied purchase price of $25.9 million, with the potential for an earnout based on specific profitability metrics within the first year following the transaction. Lynkwell reported audited revenues of $17.1 million for 2024, highlighting its growth momentum. Nayax has financed this acquisition entirely with cash reserves.
About Nayax
Nayax is recognized as a global leader in commerce enablement, providing a robust payments and loyalty platform designed to assist merchants in scaling their businesses. The company’s offerings encompass localized cashless payment acceptance, management suites, and loyalty solutions, empowering merchants to transact anytime, anywhere. As of the end of September 2025, Nayax operates 12 global offices and employs around 1,200 staff. The organization is committed to enhancing revenue potential and operational efficiency for all clients.
About Lynkwell
Lynkwell is at the forefront of the energy ecosystem, assisting developers and operators across the renewable generation, battery storage, and utilities sectors. Its flagship platform, Lynkwell XChange™, is renowned in the market for its exceptional capabilities in managing EV charging networks. Promoting access to over 500 products from leading manufacturers, Lynkwell has positioned itself as a vital asset in the clean energy revolution since its founding in 2016.
Frequently Asked Questions
What is Nayax's latest acquisition?
Nayax has acquired Lynkwell, an AI-enabled EV charging platform, to enhance its service offerings.
How will this acquisition benefit Nayax's customers?
The acquisition allows Nayax's customers to access advanced EV charging solutions, optimizing both financial performance and operational efficiency.
What role does Lynkwell play in EV charging?
Lynkwell provides a comprehensive platform for managing EV charging infrastructure across various public use cases.
What is Nayax's mission?
Nayax aims to improve revenue potential and operational efficiency for businesses through its integrated solutions.
Where is Nayax headquartered?
Nayax has a global presence with 12 offices and approximately 1,200 employees, focused on providing payments and commerce solutions.
