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Conduent Announces Agreement to Sell Its Public Transit Business to Modaxo for $164 Million
The deal expands Modaxo’s transit software portfolio and remains subject to closing conditions, the companies said.
- On Thursday, May 21, 2026, Modaxo Inc. signed a definitive agreement to acquire the Public Transit Business from Conduent Incorporated, encompassing Transit Fare Management and Fleet Management Solutions.
- Modaxo is a global technology organization focused on moving the world's people, delivering software and technology solutions that connect individuals with places they need for work, family, and everyday life.
- Leveraging cloud computing and artificial intelligence, Conduent Incorporated disburses approximately $80 billion in government payments annually and enables approximately 2.0 billion customer service interactions, demonstrating operational scale beyond transit.
- Transit Fare Management offers comprehensive solutions for transit agencies to boost revenue and reduce operational costs, while Fleet Management Solutions enhances transit reliability through technology encouraging public transit use.
- Completion of the acquisition remains subject to closing conditions as Modaxo integrates these operations into its global platform, advancing its mission to connect people with essential destinations.
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Modaxo Enters into Agreement to Acquire the Public Transit Business from Conduent
TORONTO, May 21, 2026 (GLOBE NEWSWIRE) -- Modaxo Inc. (“Modaxo”), a global technology organization focused on moving the world’s people, today announced that it has signed a definitive agreement to acquire the Public Transit Business, consisting of Transit Fare Management…
·Waterloo, Canada
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Total News Sources14
Leaning Left7Leaning Right2Center1Last UpdatedBias Distribution70% Left
Bias Distribution
- 70% of the sources lean Left
70% Left
L 70%
R 20%
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