Xerox has agreed to buy printer maker Lexmark in a deal worth $1.5 billion.
The transaction includes debt and other liabilities that Xerox will assume from current owners Ninestar Corp., PAG Asia Capital, and Shanghai Shouda Investment Centre.
The deal is expected to close in the second half of 2025, pending approval from US and Chinese regulators.
Lexmark, which was spun off from IBM in 1991, is already a partner and supplier to Xerox.