Xerox Holdings Corporation has acquired Lexmark International, Inc. for $1.5 billion, enhancing its position in the printing and managed print services market.

Information on the Target

Xerox Holdings Corporation has successfully completed the acquisition of Lexmark International, Inc., which previously belonged to Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre. The deal is valued at approximately $1.5 billion, encompassing net debt and assumed liabilities. This acquisition signifies a substantial step forward in Xerox's strategic transformation aimed at expanding its innovative workplace solutions to better serve the evolving hybrid work environment.

Lexmark is recognized for its strong reputation in print and managed print services, established client and partner networks, and its global presence. Steve Bandrowczak, CEO of Xerox, emphasized the extended partnership between Xerox and Lexmark and highlighted how this acquisition will enhance their combined offerings, enabling greater success for their clients and partners.

Industry Overview in the Target's Country

The printing and managed services industry in the United States has undergone significant transformations over recent years, influenced by advancements in technology and shifting c