Xerox Holdings Corporation has agreed to acquire Lexmark International, Inc., from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre for $1.5 billion. The acquisition will strengthen Xerox’s core print portfolio and build a broader global print and managed print services business better suited to meet the evolving needs of clients in the hybrid workplace.
The acquisition will bring together two industry-leading companies with shared values, complementary strengths, and a deep commitment to advancing the print industry to create one stronger organization.
Lexmark, a leading provider of innovative imaging solutions and technologies, will combine Lexmark’s solutions with Xerox® ConnectKey® technology and advanced print and digital services, creating a superior offering portfolio. The transaction will also strengthen Xerox’s ability to serve clients in the large, growing A4 colour market and diversify its distribution and geographic presence, including the APAC region.
The new organization will serve more than 200,000 clients in 170 countries with 125 manufacturing and distribution facilities in 16 countries. Combined, Lexmark and Xerox have a top-five global share in each of the entry, mid, and production print markets and are key players in the large, stable managed print services market.
Source: Printing United Alliance
Source: Office Products News
Source: Xerox
