Article Highlights
Conduent announced it has agreed to sell its transit business for a low $164 million to Modaxo Group, splitting it off from the rest of its transportation segment. The Conduent transit business includes contracts with agencies in a number of cities globally, including a problem-plagued project in Melbourne, Australia.
The sales price of Conduent’s transit business unit was less than half of Conduent’s revenue for the unit in 2025 alone.
• Conduent
• Modaxo
• Cubic
• Neology
• Veritas Capital
U.S.-based Conduent has announced a deal to sell its public transit fare-system business for a low $164 million to Canada-based Modaxo Group, while keeping its tolling business.
The deal, which is set to close before the end of the year, would give Modaxo by far its largest fare-system vendor–with a considerable number of transport agencies under contract in various cities. That would include Paris and several other cities in France, as well as Italy, Belgium and North America. In the U.S., Conduent lost one top 10 transit agency, SEPTA, in Philadelphia, early last year, but retains another, NJ Transit.
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