Quarterhill agrees to buy Conduent tolling solutions business for USD 70 million plus 7% stake

Conduent, Inc.

CNDT

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Quarterhill agreed to buy Conduent’s tolling solutions business in an asset deal expected to close in Q4 2026.
Consideration: USD 70 million cash, funded with debt, and Quarterhill common shares equal to 7% of shares outstanding at closing.
Combined backlog expected at about USD 2 billion, lifting long-term contracted revenue visibility.
Pro forma revenue expected to exceed USD 400 million annually, with adjusted EBITDA margin projected at 10%–15% after planned synergies.
Deal expected to roughly triple Quarterhill’s tolling revenue, expanding scale in electronic tolling, back-office operations, and roadside systems.

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. Quarterhill Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: TO95090) on June 30, 2026, and is solely responsible for the information contained therein.

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