Industry, Logistics & Shipping

Siemens to divest Yunex Traffic for over $1bn

Siemens Mobility has signed an agreement to divest Yunex Traffic, the international road traffic business, to Atlantia, a global leader in mobility infrastructure technology and services. The purchase price is €950 million ($1.07 billion).

Closing is expected by September 2022, subject to the relevant regulatory approvals.

Roland Busch, President and Chief Executive Officer of Siemens AG said: “Siemens is continuously sharpening and optimizing its portfolio as a technology company focused on its core business. 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.”

“With the sale to Atlantia, Yunex Traffic becomes part of a highly dynamic traffic ecosystem that will ensure cleaner air and more liveable 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,” said Atlantia’s CEO, Carlo Bertazzo.

“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.

“We are pleased that Siemens, one of the leading industrial groups at European and global level, has chosen Atlantia’s plan as offering the best strategy for Yunex Traffic’s future growth. 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,” concluded Bertazzo.
For Atlantia, Yunex Traffic is an ideal addition to its international mobility infrastructure and services portfolio. The acquired company is planned to be managed as a separate entity. Yunex Traffic will continue to build its position as a global leader in adaptive traffic management systems and intelligent solutions for networking traffic and toll systems.

Its portfolio strategy will focus on automation and digitalization to more thoroughly exploit the potential offered by cloud computing, 5G, and artificial intelligence in the years ahead. By joining Atlantia, Yunex Traffic will also be able to yield significant industrial and development synergies with the Group's motorway, airport and mobility services assets, already present in 35 countries.

Yunex Traffic operates in more than 25 countries worldwide with over 3,000 employees. Its intelligent mobility solutions are being used in cities like Dubai, London, Berlin, Bogota, and Miami. The company is the only provider worldwide that meets all major regional traffic technology standards in the EU, Great Britain, Asia and the Americas. – TradeArabia News Service