Conduent agrees to sell public transit business to Modaxo for $164 million

Conduent, Inc.

Conduent, Inc.

CNDT

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  • Conduent agreed to sell its Public Transit business to Modaxo for USD 164 million.
  • The unit includes transit fare management and fleet management solutions.
  • Closing is expected before the end of 2026, subject to customary conditions and regulatory approvals.
  • Conduent will retain its tolling business segment, which supports more than 14 million tolling transactions per day.


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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001677703-26-000069), on May 21, 2026, and is solely responsible for the information contained therein.

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