Siemens Intelligent Traffic Systems (ITS) has been rebranded as Yunex Traffic and started operating as a new company within Siemens Mobility. Yunex Traffex, which will offer smart mobility solutions for roads and cities, is headed up by chief executive officer Markus Schlitt and chief financial officer Jan Villwock.
Siemens ITS has had annual revenue of more than €600m and a compound annual growth rate in orders of 8% in recent years.
As Yunex Traffic, it will work in areas such as traffic...
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