Siemens Mobility has agreed to sell its international road traffic business, Yunex Traffic, to Atlantia, an Italian holding company active in the infrastructure sector, including motorways, airport infrastructure and transport services.
Altantia will pay €950m (£794m) to Siemens, with the deal expected to be completed in September. As a provider of mobility infrastructure technology and services, Atlantia is viewed as a long-term, strategically oriented new owner for Yunex Traffic, which develops intelligent infrastructure and traffic solutions for roads and cities.
“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 digitalisation and disruptive technologies.”
According to Atlantia, Yunex Traffic will be managed as a separate entity. In addition to further developing its core products, such as adaptive traffic management systems and intelligent solutions for networking traffic and toll systems, Yunex will also focus on automation and digitalisation to more thoroughly exploit the potential offered by cloud computing, 5G, and artificial intelligence in the years ahead.
It’s expected that Yunex Traffic will also be able to yield significant industrial and development synergies with Atlantia’s motorway, airport and mobility services assets, currently present in 35 countries.
“The addition of Yunex Traffic to our Group marks a major step forward in expanding our business,” said Atlantia 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,” continued Bertazzo. “I would like to extend a warm welcome to Yunex Traffic, its management team and its employees, with whom we will continue to build the new Atlantia.”
Yunex Traffic started operating as an independently managed business in July 2021 and generated revenue of more than €600m in fiscal year 2021. The company currently operates in more than 25 countries with over 3,000 employees. Its intelligent mobility solutions are used in cities such as Dubai, London, Berlin, Bogota, and Miami.