Atlantia completed the acquisition of the Yunex business of Siemens for $1.1bn.

Atlantia, an infrastructure firm, completed the acquisition of the Yunex business of Siemens, a German multinational conglomerate company, for $1.1bn. “The sale of Yunex Traffic is an important step that not only provides the best situation for Yunex Traffic to grow, but also sharpens our strategy in being a focused technology company in rail transportation. As part of Atlantia, Yunex Traffic will be perfectly positioned to actively shape the market and break new ground in traffic management," Karl Blaim, Siemens Mobility Managing Director and Chief Financial Officer.