Conduent Sells Transit Unit to Modaxo for $164 Million

Conduent has agreed to hand over its Public Transit division, which includes fare‑management and fleet‑control services, to Modaxo, a worldwide tech firm. The deal values the unit at $164 million and is slated to finish before the end of 2026. The unit supplies a range of systems used by cities and transit agencies, from ticketing machines to software that tracks buses and trains. It also provides tools for collecting payments and managing revenue, all supported by hardware that keeps transportation running smoothly. By selling this part of its business, Conduent will focus more closely on its remaining toll‑collection operations. Those services cover electronic tolling, roadside enforcement and the back‑office work that turns traffic violations into data.Modaxo’s acquisition expands its reach into public transportation, giving it new opportunities to deploy technology that improves rider experience and fleet efficiency. The move also signals a shift in the market, where tech companies are increasingly stepping into roles traditionally handled by transportation specialists. The transaction reflects a broader trend of consolidation in the mobility sector, as firms look to streamline operations and focus on core competencies. It also highlights how digital solutions are becoming essential for managing complex transit networks in growing urban areas.