Mergers & Acquisitions ·
Conduent Incorporated entered into an Asset Purchase Agreement with Quarterhill Inc. to sell its tolling solutions…
CNDTCONDUENT Inc
Conduent Incorporated entered into an Asset Purchase Agreement with Quarterhill Inc. to sell its tolling solutions business. The transaction includes $70 million in cash and common shares of the buyer representing 7% of its issued and outstanding shares. The deal is expected to close in the fourth quarter of 2026, subject to customary closing conditions and regulatory approvals. Conduent Incorporated is a business process services company providing various solutions for various industries.