Atlantia confirms acquisiton of 100% stake in Yunex Traffic from Siemens Group
CET 17.21 Rome, 30 June 2022. Atlantia announces that, following fulfilment of all the conditions precedent included in the share purchase agreement (SPA) entered into with Siemens on 17 January of this year, the acquisition of Yunex Traffic was completed today. The final consideration of €950m (enterprise value) is in line with the price offered, and subject to price adjustments as provided in the SPA. In 2021, Atlantia took part in a bidding process launched by Siemens with a view to selling Yunex, beating off competition from a large number of international bidders. Yunex Traffic is the leading global provider of Intelligent Transport Systems (ITS) and Smart Mobility solutions, specialising in the development and supply of integrated hardware and software platforms and solutions for the operators of smart and sustainable mobility infrastructure serving urban and out-of-town areas. With over 3,000 employees, the company already operates in more than 600 cities, 40 countries and 4 continents (Europe, the Americas, Asia and Oceania). It has assembly plants and research and development centres located in Europe (with key presences in Germany and the UK) and the USA. The major cities that use Yunex Traffic systems include London, Dubai, Berlin, Bogotà and Miami, representing a track record of cutting-edge projects for improving traffic flow, improving air quality and boosting road safety, decongesting main roads and providing innovative services to improve the travel experience for end users. These are areas of business in which Atlantia has already begun to operate through, for example, Telepass’s provision of a range of urban mobility services. Joining the Atlantia Group will enable Yunex Traffic to further expand its business, starting from countries such as Italy, France, Spain and South America, where Atlantia has a major presence. Thanks to its highly specialist expertise, Yunex Traffic will also be able to contribute to Group companies’ digitalisation processes, facilitating the technological upgrade of the infrastructure they operate and increasing the diversification and quality of the services provided. This will position the Group to respond to changing mobility needs with data-driven solutions offering more sustainable and safer mobility, thus laying the foundations for the arrival, in the near future, of self-driving vehicles in urban and out-of-town areas. Atlantia was advised by Goldman Sachs Bank Europe SE and Deutsche Bank AG acting as financial advisors, and by Clifford Chance as legal advisor.