Nayax Ltd. (NASDAQ:NYAX) saw its stock advance 5.1% in premarket trading Thursday after the global payments and commerce enablement firm announced it has acquired Lynkwell, an electric vehicle charging platform enhanced by artificial intelligence.
The deal, unanimously approved by both companies’ boards, includes a $25.9 million cash payment for full ownership of the business, along with an additional earnout tied to profitability achieved within the first 12 months after the transaction closes. Nayax financed the acquisition using existing cash reserves.
Lynkwell reported audited revenue of $17.1 million for 2024, reflecting strong year-over-year growth. The company’s technology has been approved by hundreds of utility providers, funding programs, and state and federal procurement systems.
“Lynkwell is an important partner in our strategy to build a comprehensive platform for EV charging,” said Aaron Greenberg, Chief Strategy Officer of Nayax. “Together we are opening the door to a more connected and intuitive charging experience, one where software and payments work in harmony to support the next generation of charging networks.”
The acquisition supports Nayax’s broader goal of expanding a unified platform that merges payment capabilities with operational management tools. Lynkwell’s technology is used across a wide range of public charging environments — retail, multi-family housing, workplaces, fleets, and government facilities — and is trusted by hundreds of fleet operators, including two of the largest in North America.
Nayax anticipates both revenue and efficiency benefits as Lynkwell is integrated into its ecosystem. The acquisition was executed through a simultaneous sign-and-close process.