Tip Sheet: Will Conduent Put Its Transit Fare-Collection Business on Sale Again?
Conduent, a major fare-system vendor, may again be shopping for a buyer for its fare-collection business, sources told Mobility Payments, though the company has not announced it is planning to sell the unit, and a spokesman did not respond to a request for comment.
The U.S.-based vendor famously did an about-face in 2022, with the company putting its transportation segment out for a possible IPO or sale, only to take the segment off the market after four months.
Tip Sheet: Cubic’s Listening Tour; Novel RFP in Montreal; Delays in Sydney; ‘Next Steps’ for Ireland
Cubic Transportation Systems president Peter Torrellas and the corporate turnaround expert he hired, Rich Varos, have held a series of meetings with Cubic clients and partners starting late last year. Both execs only joined the vendor in the fall–their first jobs in the transit fare industry–so perhaps it’s understandable that
Australian City Plans to Expand Open Loop to Entire Transport Network
Adelaide Metro, which serves Australia’s fifth largest city, plans to roll out open-loop payments throughout its transport network, including on its most-used mode, buses.
The agency is now installing around 1,300 validators on board buses for the rollout of the open-loop service by the end of this year. It’s following that with installation of another 1,100 validators on trains,
Another Italian City to Launch Open-Loop Payments; Will Use Validators from Conduent
Another Italian city is moving to open-loop payments, with Azienda Trasporti Verona, or ATV, buying EMV-enabled validators from U.S.-based supplier Conduent.
Australia’s Second-Largest State Names Winner of Contract for New Ticketing System
Australia’s second largest state has hired U.S.-based Conduent to a 15-year, AU$1.7 billion (US$1.1 billion), contract to build and operate an account-based ticketing system that will include open-loop payments, the Victoria state minister for public transport announced Monday in Melbourne.
Italian Suppliers Lose Appeal on Venetian Open-Loop Payments Contract
Officials in Italy have reportedly denied an appeal by Italy-based fare-collection technology provider Pluservice and its partner, acquirer and processor Nexi, which had challenged a planned contract award to U.S.-based Conduent in Venice.
Conduent Transportation Chief on Company’s Spin-Off Issue: ‘Several Weeks Later, No One’s Talking About It’
In April, U.S.-based Conduent created considerable buzz in the fare-collection industry when it announced it would spin off or sell its transportation business.
Conduent Winner of Open-Loop Concession Contract in Venice
Transit officials in Venice, Italy, are believed to have chosen U.S.-based fare-collection system vendor Conduent, working with acquirer Elavon, for a 5-year concession agreement to roll out open-loop payments, Mobility Payments has learned.
Conduent to Part with Its Transportation Business Unit, Including Fare Collection
U.S.-based Conduent, a business services outsourcing company, said it would sell or spin off its transportation business unit, a major automated fare-collection system supplier globally.
Another Italian City Launches Open-Loop Fare Payments
Italy continues to be a leader in the rollout of open-loop fare payments with even mid-tier cities now introducing the technology to riders.