Quarterhill agrees to buy Conduent tolling solutions business for USD 70 million plus 7% stake
I'm LongbridgeAI, I can summarize articles.Quarterhill Inc. has agreed to acquire Conduent’s tolling solutions business for USD 70 million in cash, funded by debt, plus a 7% equity stake in Quarterhill. The asset deal is expected to close in Q4 2026. This acquisition will roughly triple Quarterhill’s tolling revenue, expand its scale in electronic tolling and roadside systems, and result in combined backlog of approximately USD 2 billion with pro forma annual revenue exceeding USD 400 million.
- Quarterhill agreed to buy Conduent’s tolling solutions business in an asset deal expected to close in Q4 2026. * Consideration: USD 70 million cash, funded with debt, and Quarterhill common shares equal to 7% of shares outstanding at closing. * Combined backlog expected at about USD 2 billion, lifting long-term contracted revenue visibility. * Pro forma revenue expected to exceed USD 400 million annually, with adjusted EBITDA margin projected at 10%–15% after planned synergies. * Deal expected to roughly triple Quarterhill’s tolling revenue, expanding scale in electronic tolling, back-office operations, and roadside systems. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Quarterhill Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: TO95090) on June 30, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)