Nayax Ltd. (NASDAQ: NYAX) completed a $25.9 million cash transaction to acquire Lynkwell, a U.S.‑based AI‑enabled electric‑vehicle charging platform, on December 4 2025. The deal includes an earnout tied to profitability metrics in the first 12 months after closing, underscoring the confidence of both parties in Lynkwell’s future performance.
Lynkwell reported audited 2024 revenue of $17.1 million and has already secured contracts with hundreds of utilities, state and federal procurement programs, and large commercial fleets. Its platform delivers real‑time operational analytics, billing, and financing options, and it is compatible with a broad range of EV chargers. The earnout structure, while not disclosed in full, is designed to reward Lynkwell for meeting predefined profitability thresholds, aligning incentives for a smooth integration.
Nayax, which employs roughly 1,200 people across 12 global offices, has been positioning itself beyond unattended retail by embedding payment technology into high‑growth verticals. A June 4 2025 partnership had already named Nayax as Lynkwell’s preferred payment provider, laying the groundwork for this acquisition. The transaction is a key step in Nayax’s strategy to build a comprehensive, end‑to‑end EV charging ecosystem that combines payment, telemetry, and AI‑driven management.
Strategically, the acquisition gives Nayax a purpose‑built software platform that can be bundled with its existing payment and telemetry services, creating a unified solution for public, fleet, and workplace charging. The EV charging market is projected to grow at a compound annual rate of 30% over the next decade, driven by government mandates and corporate electrification plans. By adding Lynkwell’s established utility and government contracts, Nayax gains immediate access to a high‑margin recurring revenue stream and a competitive edge over peers that rely solely on hardware or payment services.
Market reaction to the announcement was mixed. One source reported a 5.1% rise in pre‑market trading, while another noted a 0.69% decline. The positive movement was largely attributed to the strategic fit and the potential for revenue synergies, whereas the slight dip reflected investor caution about integration risks and the modest size of the deal relative to Nayax’s overall valuation.
Aaron Greenberg, Nayax’s Chief Strategy Officer, said the acquisition “strengthens our position in the EV charging ecosystem and opens the door to a more connected and intuitive charging experience.” Co‑founder Jason Zarillo added that the deal “marks a meaningful step forward for the EV charging and energy ecosystem,” highlighting the partnership’s potential to accelerate electrification efforts.
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