Conduent to sell public transit unit to Modaxo for $164 million

Conduent has announced the sale of its public transit unit to Modaxo for a total of $164 million. This transaction is part of Conduent's strategy to streamline its operations and focus on its core business areas. The sale is expected to be finalized in the coming months, pending regulatory approvals and customary closing conditions. Modaxo, a company specializing in transportation technology solutions, aims to enhance its offerings through this acquisition.

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