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U.S.-based Conduent, a business services outsourcing company, said it would sell or spin off its transportation business unit, a major automated fare-collection system supplier globally. Conduent said in a statement it believes it can “maximize shareholder value” by separating the transportation business from its commercial and government services segments.
The transportation business is the smallest of Conduent’s three business units, accounting for just under 18% of $4.1 billion in revenue last year. The unit had $746 million in sales for the year, up nearly 3.8% from 2020–the only company segment that saw an increase in sales in 2021. That is believed to be largely due to the return of the company’s tolling business.
• Conduent
• Cubic
• INIT
• Thales
• Xerox
U.S.-based Conduent, a business services outsourcing company, said it would sell or spin off its transportation business unit, a major automated fare-collection system supplier globally.
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