Conduent sells Tolling business to Quarterhill for $70M cash plus 7% equity stake

CONDUENT Inc

Purchase price $70M cash plus 7% of Quarterhill shares; Quarterhill assumes most liabilities including surety bonds.
Transaction expected to close in Q4 2026, subject to regulatory approvals and customary conditions.
Follows May 2026 agreement to sell Public Transit business; both moves simplify portfolio and focus on core.
Tolling business processes over 14 million transactions daily across US and UK.
Conduent receives board observer rights and registration rights for Quarterhill shares.

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