Article Highlights

Key Takeaway:

U.S.-based Conduent, a business services outsourcing company, said it would sell or spin off its transportation business unit, a major automated fare-collection system supplier globally. Conduent said in a statement it believes it can “maximize shareholder value” by separating the transportation business from its commercial and government services segments.

Key Data:

The transportation business is the smallest of Conduent’s three business units, accounting for just under 18% of $4.1 billion in revenue last year. The unit had $746 million in sales for the year, up nearly 3.8% from 2020–the only company segment that saw an increase in sales in 2021. That is believed to be largely due to the return of the company’s tolling business.

Organizations Mentioned:

• Conduent
• Cubic
• INIT
• Thales
• Xerox

U.S.-based Conduent, a business services outsourcing company, said it would sell or spin off its transportation business unit, a major automated fare-collection system supplier globally.

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