Nayax completes acquisition of Roseman

Nayax announced the acquisition of Roseman Engineering Company Ltd. and Roseman Holdings, a global fuel and electric vehicle management solution provider. Tel Aviv-based Roseman provides a variety of solutions to fuel and EV charging station fleet owners with its innovative software that allows its customers to track fuel station income, reduce expenses, and increase operational efficiency, among other capabilities. The acquisition and Roseman’s technology strengthen Nayax’s existing offerings in the energy sector, which includes Point of Sale devices and software that is utilized by EV charging station operators worldwide. The addition of Roseman’s expertise and technology provides Nayax’s customers with a comprehensive solution that addresses fleet management, cloud management, and AVI applications. Some of their customers include AssetWorks in the United States and Euromat in Greece. Roseman’s distributors around the world will now have the ability to expand their offering with Nayax’s open loop cashless payment solutions. Over the past several months, Nayax and Roseman have been collaborating to develop an EMV payment solution for gas stations in Israel that will enable full-service and highly secured credit card payments via smart clearing Point of Sale on gas pumps and mobile card readers. The purchase price is 21 million ILS, which is being paid with existing cash on hand.