Siemens’ Intelligent Traffic Systems business is being renamed Yunex Traffic as part of plans by the giant German engineering company to spin off and sell the business.
The business operates in more than 40 countries – including the UK – and has annual revenue of 600 million euros (£516m).
The company makes traffic lights and also manages traffic systems in Dubai, London, Berlin and Miami. The firm’s software, hardware and services each generate around a...
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