Siemens Mobility has agreed to sell its Yunex Traffic road traffic business, to Italian holding company Atlantia, which is active in the infrastructure sector, including motorways, airport infrastructure and transport services.
Altantia will pay €950 million (£794 million), with the deal expected to be completed in September.
Yunex Traffic is one of the world’s leading companies in intelligent infrastructure and traffic solutions for roads and cities, and Siemens says that, as a global leader in mobility infrastructure technology and services, Atlantia is a long-term, strategically oriented new owner for Yunex Traffic.
Roland Busch, President and Chief Executive Officer of Siemens AG commented, “Siemens is continuously sharpening and optimising 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 livable cities and safer roads,” added 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,” said Atlantia’s CEO, Carlo Bertazzo, “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. 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.”
In a statement, Siemens comments that 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 digitalisation 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 started operating as an independently managed business as of July 2021. It generated revenue of more than €600 million in fiscal year 2021, operating 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. Siemens states that Yunex Traffic is the only provider worldwide that meets all major regional traffic technology standards in the EU, Great Britain, Asia and the Americas.
(Picture – Yunex)