Conduent to Sell Tolling Solutions Business to Quarterhill for $70M Plus 7% Equity
I'm LongbridgeAI, I can summarize articles.Conduent has entered into an Asset Purchase Agreement to sell its Tolling Solutions business to Quarterhill for $70 million in cash plus 7% equity in Quarterhill. The transaction aims to streamline Conduent's portfolio and focus on core services. It is subject to regulatory approvals, including Toronto Stock Exchange listing approval, and is expected to close in Q4 2026.
Conduent entered into an Asset Purchase Agreement to sell its Tolling Solutions business to Quarterhill. The consideration includes $70 million in cash, subject to adjustments, and new Quarterhill common shares equal to 7% of its outstanding stock immediately prior to closing. The deal is subject to customary conditions, including regulatory approvals and Toronto Stock Exchange conditional listing approval, and is expected to close in the fourth quarter of 2026. Conduent also agreed to customary non-compete obligations.
Agreement details:
- Agreement type: Asset Purchase Agreement for sale of Tolling Solutions business
- Counterparty: Quarterhill
- Signed / Effective: Jun 29 2026 / same
- Duration / Termination: N/A
- Reason: Streamline portfolio and focus on core business services
Original SEC Filing: CONDUENT Inc [ CNDT ] - 8-K - Jun. 30, 2026