Quarterhill to acquire Conduent's tolling solutions business
The deal is expected to close in the fourth quarter of 2026, with about $2 billion in combined backlog upon closing
Quarterhill Inc., a provider of AI-driven intelligent transportation solutions, has agreed to buy substantially all assets of Conduent's tolling solutions business for $70 million in cash and shares representing 7.0% of Quarterhill at closing. Toronto-based Quarterhill said the deal, upon closing, is expected to approximately triple its tolling revenue and create a larger platform in electronic tolling, back-office operations and roadside systems.
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