Mergers & Acquisitions ·
Quarterhill agrees to acquire Conduent's tolling solutions business for $70M in cash and 7% stake
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.