---
schema_version: "secwatch.filing_event.v1"
accession: "0001677703-24-000075"
form_type: "8-K"
ticker: "CNDT"
cik: "0001677703"
company_name: "CONDUENT Inc"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:59:42.997859+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Conduent completes sale of Curbside Management and Public Safety Solutions to Modaxo for $230M

## Summary
- Total purchase price $230M; cash received $174M, plus $50M note receivable (discounted to $47M), $50M other receivables payable Q4 2024.
- Sale completed April 30, 2024; aligns with strategy to focus on core capabilities and drive growth.
- Proceeds alongside BenefitWallet transfer used to repay $130M and $334M in debt, respectively.
- Unaudited pro forma shows net income of $52M for 2023 vs historical loss of $296M after removal.
- Sale does not affect Road Usage Charging and Transit Solutions businesses.

## SEC filing metadata
- accession: 0001677703-24-000075
- form_type: 8-K
- ticker: CNDT
- cik: 0001677703
- company_name: CONDUENT Inc
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1677703/000167770324000075/0001677703-24-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1677703/000167770324000075/cndt-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001677703-24-000075
- JSON: https://secwatch.observer/filing/0001677703-24-000075.json
- Plain text: https://secwatch.observer/filing/0001677703-24-000075.txt

## Key facts
- M&A Transactions
  CONDUENT Inc completed a disposition involving Modaxo Traffic Management USA Inc. for $230 million (closed 2024-04-30).
  - Action: disposition
  - Counterparty: Modaxo Traffic Management USA Inc.
  - Consideration: $230 million
  - Closing: 2024-04-30
  source text: a definitive agreement with Modaxo Traffic Management USA Inc. (the "Buyer") to sell the Company's Curbside Management and Public Safety Solutions businesses (the "Sale") for $230 million (plus the assumption of certain indebtedness) (the "Purchase Price"), subject to customary purchase price adjustments. On April 30, 2024, the Sale was completed and the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1677703/000167770324000075/0001677703-24-000075-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.