Modaxo to buy Conduent parking enforcement business

Conduent set to concentrate on its road user charging and transit portfolio
By Adam Hill January 2, 2024 Read time: 1 min
Transaction is expected to close by end of March this year (© ITS International | Adam Hill)

Conduent Incorporated is selling its kerbside management and public safety businesses to transportation company Modaxo.

These portfolios have around 130 government clients worldwide and cover solutions such as parking enforcement and fine payments, as well as automated traffic enforcement. The company says they "operate largely independent from the rest of Conduent’s transportation portfolio".

The transaction with Modaxo, a collective of tech companies involved in "people transportation", is expected to close by the end of March this year.

Conduent will concentrate on its road user charging and transit businesses.

“This divestiture demonstrates continued progress in streamlining our portfolio to drive increased focus on our core capabilities and enable synergistic growth to create shareholder and client value,” said Cliff Skelton, Conduent president and CEO. 

“The proceeds from this transaction and that of our previously announced BenefitWallet transaction, will be used principally to reduce debt. We will continue to be open-minded regarding the use of capital associated with future portfolio rationalisation efforts. We are committed to ensuring a seamless transition for our associates and clients."

Enforcement Parking & Access Control

For more information on companies in this article

Related Content

  • 3M sees big potential in ITS sector
    December 16, 2013
    Having re-entered the ITS market, 3M is busy shaping the future technology for vehicle detection, tolling and parking, as Colin Sowman discovers. Having sold off its Opticom business in 2007, 3M effectively re-entered the ITS market last year paying $110 million for Federal Signal Technology Group (FSTech) – but why?
    Read More
  • Leading Finland’s transport revolution
    July 18, 2017
    Anne Berner, Finland’s minister of transport and communications, does not fit the normal political mould. She is not a career politician but a business executive who became a member of parliament in 2015 and has said from the outset that she will only serve one term. Without concerns about being re-elected and a clear view of the future of transport, Berner can concentrate on what needs to be done - tackling some of the more contentious and intransigent subjects. Her name is best known for two major initiat
    Read More
  • Connected vehicles - potential to transform US transportation
    April 12, 2013
    There’s a new face in the driving seat at the US Department of Transport’s ITS Joint Program Office. Fortunately, as Robin Meczes finds out, he’s no learner driver… Ask Kenneth Leonard why he wanted his new job as director of the ITS Joint Program Office, and his answer comes back without a second’s delay. “The potential to save lives, reduce injuries and help people enjoy a more efficient transportation system is the kind of challenge that makes me want to come to work each morning,” he says. “In my opinio
    Read More
  • APA supports automated work zone speed enforcement
    July 17, 2015
    A trade association representing the highway construction industry strongly supports automated enforcement of speed limits in work zones and Maryland's experience with a similarly designed program has had very good results, the association head has told a joint Pennsylvania House and Senate committee. According to PennDOT, 24 people were killed in work-zone crashes in 2014, eight more than in 2013. Additionally, there were 1,841 crashes in work zones last year, a slight decrease from the 1,851 crashes
    Read More

Highlighted Content