FLORHAM PARK, N.J. – Conduent Incorporated (NYSE: CNDT) today announced it has completed the sale of its commercial vehicle operations (CVO) business to investment funds managed by Alinda Capital Partners, as previously announced May 18, 2018.

The sale is a part of the company’s previously announced plan to divest approximately $1 billion in revenue associated with non-core assets and to focus on serving large enterprise customers.

Citigroup Global Markets Inc. served as exclusive financial advisor and Cravath Swaine & Moore LLP served as legal counsel to Conduent.