Conduent completes sale of public transit business to Modaxo for $164 million

• Conduent completed the sale of its Public Transit business to Modaxo for a base purchase price of $164 million.
• The divestment advances Conduent’s plan to simplify its portfolio and refocus on core operations.
• The unit includes transit fare management and fleet management solutions with operations across multiple regions, including North America and Europe.
• Conduent also has an agreed sale of its Tolling business to Quarterhill, expected to close before end-2026.
• Completion of the Tolling deal would mark Conduent’s exit from its Transportation segment.

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: 0001677703-26-000123), on October 06, 2026, and is solely responsible for the information contained therein.