Nayax (NYAX) said Friday it is expanding its presence in Latin America by acquiring digital payment and telemetry provider UPPay for automated self-service coffee machines in Brazil.
The purchase price values UPPay at 32.8 million Brazilian real (roughly $5.3 million), with an earnout payment of up to $2.8 million, Nayax said.
The deal will support Nayax's reach in the Brazilian market and open opportunities across Latin America, the company said.
UPPay's technology offers scalable telemetry for self-service machines, which will help Nayax address emerging markets seeking digital upgrades, it added.
Combining UPPay with Nayax and VMtecnologia strengthens Nayax's position in Brazil's growing coffee vending sector, adding more than 25,000 new unattended points of sale, according to the company. In 2024 Nayax acquired VMtecnologia, a technology provider for the automated self-service industry in Brazil.
Upon integration, the companies intend to merge sales, distribution, and technical resources.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。