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Modaxo Group completed its planned $164 million acquisition of Conduent’s transit unit, it’s largest to date, bringing on 2,000 employees globally, the group said.
The two businesses in Conduent’s Transportation division generated a combined $269 million in sales for the first half of 2026, down by 5% from the previous year. The lower revenue likely came mostly or entirely from tolling. During the first quarter of 2026, revenue for Conduent’s former transit business grew by 22% to $83 million.
• Modaxo
• Conduent
• Constellation Software
• Trapeze
• Vontas
• AEP Ticketing
• Fara
• Pcentra
Canada-based Modaxo Group today completed its planned $164 million acquisition of Conduent’s public transit unit, creating two new businesses and brands. It’s Modaxo’s biggest acquisition to date, adding 2,000 employees globally, the group said.
Modaxo has renamed Conduent’s former fare-collection business “Novvan” and it’s smaller and lesser-known fleet management solutions/vehicle-tracking business “Routeward.” Both were part of the Conduent public transit unit, which brought in $371 million last year, up nearly 9% from 2024.
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