Xerox: Completes $1.5 Billion Lexmark Acquisition
Deal News | Jul 02, 2025 | EIN
Xerox has successfully completed the acquisition of Lexmark, a move that significantly positions Xerox as a dominant force in the print services market. The merger, valued at $1.5 billion, involved the acquisition of Lexmark from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre. The strategic move is set to enhance Xerox's market leadership in managed print services and expand its manufacturing capacity and distribution reach. The merger unites two strong portfolios, enabling the creation of a stronger entity poised to deliver comprehensive solutions to over 200,000 clients worldwide. Following the acquisition, Lexmark's president and CEO, Allen Waugerman, will step down, while the existing leadership team will continue to steer the combined company forward. The acquisition also signifies a pivotal development for Lexmark’s Cebu hub, which plays a major role in research, development, and global business services for the Asian market.
Sectors
- Printing and Document Solutions
- Mergers and Acquisitions
Geography
- United States – Xerox, the acquiring company, is based in the United States and plays a significant role in the print services market within the country.
- Philippines – Lexmark's Cebu hub in the Philippines is highlighted as a significant facility for R&D and global business services, making it relevant to the geographical context of the article.
Industry
- Printing and Document Solutions – The article discusses Xerox's acquisition of Lexmark, both of which are key players in the printing and document management industry. This sector involves producing, managing, and optimizing the print and digital documents lifecycle.
- Mergers and Acquisitions – The article reports on a significant M&A transaction where Xerox acquired Lexmark for $1.5 billion, illustrating themes and trends in corporate consolidation.
Financials
- $1.5 billion – The acquisition price for Lexmark by Xerox.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Xerox | Acquiring Company | Company | A U.S.-based technology company leading in print and digital document solutions. |
| Lexmark | Target Company | Company | A notable player in the print industry, now part of Xerox following the acquisition. |
| Ninestar Corporation | Selling Company | Company | One of the entities that sold Lexmark to Xerox. |
| PAG Asia Capital | Selling Company | Company | An investment firm involved in selling Lexmark to Xerox. |
| Shanghai Shouda Investment Centre | Selling Company | Company | Another entity involved in the sale of Lexmark to Xerox. |
| Steve Bandrowczak | CEO | Person | The current CEO of Xerox who will lead the combined company's executive team. |
| Allen Waugerman | Outgoing CEO of Lexmark | Person | Described the merger as a pivotal moment before stepping down following the deal. |