Quarterhill to Acquire Conduent Tolling Solutions Business for $70 Million
June 30, 2026
Quarterhill has entered into a definitive asset purchase agreement to acquire substantially all assets of Conduent’s tolling solutions business for $70 million in cash. Quarterhill will also issue common shares representing 7% of its outstanding shares on closing to Conduent, with completion expected in Q4 2026 (before year-end 2026).
- Buyers
- Quarterhill Inc.
- Targets
- Conduent’s tolling solutions business (tolling solutions business of Conduent Business Services, LLC and certain affiliates)
- Sellers
- Conduent Business Services, LLC, Conduent and certain of its affiliates
- Industry
- IT Services
- Location
- United States
- Transaction Type
- Buyout
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