Nayax Ltd Acquires On Track Innovations (OTI) for Approximately $4.5M
January 20, 2022
Nayax Ltd. agreed to acquire On Track Innovations Ltd. (OTI), a developer of smart unattended payment solutions, for approximately $4.5 million in cash following a short-term loan to repay OTI's debts. The acquisition, to be completed in two phases and merged into Nayax, is intended to expand Nayax's capabilities in unattended payments and support growth in strategic markets such as Japan.
- Buyers
- Nayax Ltd.
- Targets
- On Track Innovations Ltd. (OTI)
- Industry
- Payments & Fintech
- Location
- Tel Aviv District, Israel
- Transaction Type
- Buyout
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