Conduent Public Transit business Acquired by Modaxo | Technology M&A Deal

Modaxo has acquired Conduent Public Transit business, a enterprise software business in New Jersey, for $164 million. The divestiture acquisition covers Conduent’s Transit Fare Management and Fleet Management Solutions, including fare collection systems, fleet management systems, and payment and revenue management platforms for mobility operators. Modaxo acquisitions in technology M&A aim to strengthen its strategic acquisition of public transit technology and expand enterprise software capabilities for clients served by Conduent Transportation in NJ. The strategic acquisition is a technology deals NJ divestiture acquisition led by a strategic buyer, with an expected close before the end of 2026 subject to customary regulatory approvals and conditions.