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Xerox to Acquire Lexmark for $1.5 Billion in Strategic Move to Enhance Printing Portfolio

  • Xerox Holdings Corporation has agreed to acquire Lexmark International, Inc. for $1.5 billion.
  • The acquisition aims to strengthen Xerox's position in the printing sector by enhancing its product portfolio and expanding its global presence.
  • Xerox expects to grow its client base to over 200,000 customers across 170 countries and achieve cost synergies of more than $200 million within two years.
  • The acquisition will enable Xerox to provide improved printing solutions and compete effectively in the evolving market.

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