Xerox has announced plans to acquire Lexmark from Ninestar, PAG Asia Capital, and Shanghai Shouda Investment Centre for $1.5 billion. The deal, which includes assumed liabilities, aims to combine both companies’ print technology and managed services capabilities.
The merged organization will serve 200,000 clients across 170 countries, operating 125 manufacturing and distribution facilities in 16 countries, according to the companies.
The transaction requires regulatory approvals and Ninestar shareholder approval. Both companies will operate independently until the deal closes, expected in the second half of 2025.
Read the blog post by Lexmark president and CEO Allen Waugerman on the acquisition here.