Xerox Holdings Corporation (NASDAQ: XRX) is to acquire Lexmark International, Inc., a Lexington, Ky.-based provider of innovative imaging solutions and technologies including printers and multifunction printers.
In connection with the deal, Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre sold their stake in a deal valued at $1.5 billion, inclusive of assumed liabilities. The transaction is expected to close in second half of 2025.
This acquisition will strengthen the Xerox 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 transaction will also strengthen the ability of Xerox to serve clients in the large, growing A4 color 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.
FinSMEs
23/12/2024