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Conduent sells parking business to Modaxo

01 January 2024
Cliff Skelton
Cliff Skelton

 

Conduent has sold its parking IT and enforcement services business to Modaxo, a transportation solutions company.

In the UK Modaxo has been building up its parking portfolio, and already owns the Imperial and Taranto software businesses.

US-based Conduent Incorporated has announced a definitive agreement to sell its Curbside Management Solutions and Public Safety Solutions businesses to Modaxo, which is a division of Canadian group Constellation Software.

The transaction is expected to...

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