Conduent completes sale of public transit business to Modaxo for $164 million

Bitget2026/10/01 13:54

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Conduent completed the sale of its public transit business to Modaxo for a base purchase price of $164 million.
The price is subject to customary adjustments.
The divested unit includes transit fare management and fleet management solutions operations across North America, Europe, Australia, the Middle East, and Latin America.
The deal supports Conduent’s plan to simplify its portfolio and focus on its core commercial and government businesses.
Conduent also has an agreed sale of its tolling business to Quarterhill, expected to close before the end of 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Conduent Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261001420244) on October 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Conduent completes sale of public transit business to Modaxo for $164 million

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