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Nayax (NYSE: NYAX; TASE: NYAX) will showcase its cutting-edge payment and vending management technology at The NAMA Show 2024 in Dallas, TX from May 7-9. The event will feature Nayax's senior leadership team and highlight their innovative self-service payments solutions for various industries.
Nayax (NYSE: NYAX) has completed the acquisition of VMtecnologia, a leading technology provider for automated self-service in Brazil, marking a strategic move into the Latin American market. The deal includes an implied enterprise value of R$ 110 million BRL (~$22 million USD) and an earnout potentially bringing the total consideration to R$ 137.5 million BRL (~$27 million USD). Nayax financed the acquisition with available cash reserves. VMtecnologia's strong financial performance in 2023 includes about $8.5 million in revenue, with an 88% gross margin and EBITDA margin exceeding 30%. The integration of VMtecnologia into Nayax's ecosystem is expected to result in synergies enhancing revenue and operational efficiencies.