Xerox Holdings Corporation will acquire Lexmark International, Inc., from Ninestar Corporation, PAG Asia Capital and Shanghai Shouda Investment Center in a transaction valued at $1.5 billion, including assumed liabilities. This acquisition will strengthen Xerox’s core printing portfolio and build a broader global printing and managed print services business better suited to customers’ evolving needs in hybrid work environments.
“The acquisition of Lexmark will bring together two industry-leading companies with shared values, complementary strengths and a strong commitment to advancing the printing industry to create a stronger organization.”said Steve Bandrowczak, CEO of Xerox. “By combining our capabilities, we will be better positioned to drive long-term profitable growth and serve our customers, advancing our reinvention strategy.”Bandrowczak added.
Xerox to acquire Lexmark
By combining Lexmark solutions with Xerox ConnectKey technology and advanced print and digital services, the acquisition will create a superior portfolio of offerings and underscores Xerox’s commitment to increasing value for customers and partners.
Transaction between printing industry icons expected to close in second half of 2025
The transaction will also strengthen Xerox’s ability to serve customers in the large and growing A4 color printing market, diversifying its geographic and distribution footprint, including the APAC region. The new organization will serve more than 200,000 customers in 170 countries with 125 manufacturing and distribution facilities in 16 countries.
Combined, Lexmark and Xerox will have a top-five global share in the input, media and production printing markets, and will be key players in the stable managed print services market.
