Billion dollar deal for Yunex Traffic
Siemens Mobility has sold its intelligent road traffic business Yunex Traffic for €950m ($1.07bn)
The deal with Atlantia of Italy is expected to close in September, with Yunex Traffic staying as a separate entity with a focus on automation and digitalization of traffic systems through cloud computing, 5G and machine learning. Yunex Traffic will also be able to yield significant industrial and development synergies with the motorway, airport and mobility services assets of Atlantia in 35 countries that includes the Dartford Crossing in the UK (above).
“Siemens Mobility and Yunex Traffic have demonstrated that Siemens is able to develop businesses very successfully and increase their value. In addition, we are very pleased to have found the best owner for Yunex Traffic with Atlantia. Their competence, long-term orientation and high commitment to growth and innovation is in the best interest of all stakeholders,” said Roland Busch, President and CEO of Siemens.
“With the sale to Atlantia, Yunex Traffic becomes part of a highly dynamic traffic ecosystem that will ensure cleaner air and more livable cities and safer roads,” said Michael Peter, CEO of Siemens Mobility. “Under the umbrella of Atlantia, Yunex Traffic will be perfectly positioned to actively shape the market and break new ground in traffic management with the help of digitalization and disruptive technologies.”
“The addition of Yunex Traffic to our Group marks a major step forward in expanding our business. We aim to deliver operating and growth synergies between our assets and Yunex Traffic, with the intention of creating a highly competitive, one-of-a-kind Group, able to deliver synergies in the management of infrastructure, services and technological innovation, in order to improve the travel experience,” said Carlo Bertazzo, CEO of Atlantia in Rome. “I would like to extend a warm welcome to our Group to Yunex Traffic, its management team and its 3,000 employees, with whom we will continue to build the new Atlantia,” he said.
Yunex Traffic is the only provider worldwide that meets all major regional traffic technology standards in the EU, Great Britain, Asia and the Americas and will continue to build its position as a global leader in adaptive traffic management systems and intelligent solutions for networking traffic and toll systems. It started operating as an independently managed business as of July 2021 and generates revenue of €600m in 2021.
www.atlantia.com; www.siemens.com
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