Xerox buys Lexmark for $1.5 billion to build US printer giant capable of rivaling HP
Posted by:
David Wilson
Xerox’s Acquisition of Lexmark Strengthens Global Printer Market Position
Xerox, a leading provider of print and digital services, has announced a $1.5 billion deal to acquire Lexmark, a renowned imaging solutions company. This strategic move is aimed at expanding Xerox’s print portfolio and enhancing its global presence and service offerings.
The acquisition will combine the strengths of both companies, leveraging Lexmark’s imaging technologies with Xerox’s ConnectKey technology. This collaboration is set to bolster Xerox’s position in the A4 color market and increase its footprint in regions like Asia-Pacific. With a combined global share in various print markets, Xerox and Lexmark aim to revolutionize the print industry and provide enhanced services to over 200,000 clients across 170 countries.
The deal, subject to regulatory and shareholder approvals, is anticipated to be finalized in the second half of 2025. Until then, both Xerox and Lexmark will continue to operate independently, gearing up to lead the industry with their innovative solutions and comprehensive product offerings.
Exciting times lie ahead as Xerox and Lexmark join forces to create a stronger organization, enriching their client base with cutting-edge technology and unmatched services. Stay tuned for more updates in the print industry landscape.
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