Munich (dpa-AFX) – Siemens is selling the road transport company Yunex Traffic to the Italian Atlantia Group. The infrastructure holding company, controlled by the Benetton family of entrepreneurs, is paying 950 million euros to Yunex, Dax Group (DAX 40) announced Monday in Munich.
According to the information, Yunex Traffic is a leading provider of innovative and smart infrastructure and traffic solutions on the roads and in cities. As a global leader in mobility technologies and services, Atlantia is a “new, long-term, strategically oriented owner” of Yunex, Siemens said.
According to Siemens Mobility’s railway technology division, Yunex Traffic has been operating as an independently managed company since July 2021. Recently, the company with more than 3,000 employees has generated annual sales of more than 600 million euros. / sl/DP/he
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Sylvia Plath writes for Social Post News, covering news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on clear, reliable reporting and useful information, helping readers stay informed about current events, emerging trends, and stories that matter.
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