Yunex Traffic, which was formerly called Intelligent Traffic Systems, offers traffic management and urban mobility infrastructure and platforms for roads and cities such as Dubai, London, Bogota, Berlin, and Miami


Yunex Traffic offers intelligent road traffic solutions. (Credit: Yunex Traffic)

Siemens Mobility has agreed to sell Yunex Traffic, a Germany-based provider of intelligent road traffic solutions, to Italian holding company Atlantia for €950m.

The sale of Yunex Traffic follows its renaming from Intelligent Traffic Systems by Siemens in February 2021 to prepare it for a possible sale. Since July 2021, it has been operating as an independently managed business.

The company provides traffic management and urban mobility infrastructure and platforms for roads and cities such as Dubai, London, Bogota, Berlin, and Miami. It has operations in over 25 countries and has a workforce of more than 3,000 people.

Yunex Traffic’s revenues in 2021 were €635m.

Currently, its portfolio has nearly 5,000 contracts to supply and operate infrastructure and mobility services across 40 countries and 600 cities.

Siemens president and CEO Roland Busch said: “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.”

For Atlantia, the acquisition is said to be a strategic step in the process of implementing its growth strategy announced in June 2021. The strategy targets investment in key sectors where the Italian firm has leading positions, which include motorways, airports, digital payments for the mobility market, and in adjacent areas offering synergies such as intelligent transport systems, rail and mobility hubs, and electrification/renewables.

Atlantia CEO Carlo Bertazzo said: “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.

“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.”

The deal, which is subject to antitrust and foreign direct investments (FDI) clearances, is expected to close by September 2022.