Nayax Inks Definitive Deal To Acquire VMtecnologia, A Technology Provider For Automated Self-service Industry In Brazil; Total Potential Consideration ~$27.8M
Portfolio Pulse from Benzinga Newsdesk
Nayax has signed a definitive agreement to acquire VMtecnologia, a Brazilian technology provider for the automated self-service industry, for a total potential consideration of approximately $27.8 million. The deal includes an upfront payment, semi-annual payments over three years, and an earnout based on three-year growth objectives, with completion expected in Q2 2024.
March 06, 2024 | 10:27 pm
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Nayax's acquisition of VMtecnologia for a potential total of $27.8M aims to expand its footprint in the automated self-service industry in Brazil, with payments structured over three years plus an earnout.
The acquisition of VMtecnologia by Nayax is a strategic move to expand its market presence in Brazil, a key market for automated self-service technologies. The structured payment and earnout suggest a strong belief in VMtecnologia's future performance and alignment with Nayax's growth objectives. This deal is likely to be viewed positively by investors, given the potential for revenue growth and market expansion, thus potentially leading to a short-term positive impact on Nayax's stock price.
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