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Post Lexmark deal, Xerox evaluates staff reductions News 

Post Lexmark deal, Xerox evaluates staff reductions

Rochester, N.Y.,-based TV station News10NBC (WHEC-TV) reports Xerox is reducing its workforce as part of its merger with the company Lexmark, a Xerox spokesperson confirmed. Xerox acquired Lexmark, a Kentucky-based imaging and laser printing company, in July at a $1.5 billion valuation. In a statement, Xerox said it has begun notifying employees about workforce reductions as it integrates with the new... Read More
Xerox completes Lexmark acquisition Acquisitions News 

Xerox completes Lexmark acquisition

Xerox Holdings Corp. completed the previously announced acquisition of Lexmark International, Inc. from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre. The transaction is valued at $1.5 billion inclusive of net debt and assumed liabilities. “We’ve long admired Lexmark’s strong print and managed print services reputation, robust client and partner base, and global presence. Over the years, we’ve... Read More
Xerox announces Lexmark execs joining leadership team Acquisitions News 

Xerox announces Lexmark execs joining leadership team

As part of Xerox Holdings Corp.’s acquisition of Lexmark International, Inc., the company announced two Lexmark executives will join its Executive Committee at the close of the acquisition, expected at the close of the third quarter of 2025. Further strengthening the Xerox leadership team, Kim Kleps will serve as Xerox Chief People Officer, effective immediately.  The incoming Executive Committee members... Read More
Xerox to acquire Lexmark for $1.5 billion Acquisitions News 

Xerox to acquire Lexmark for $1.5 billion

Xerox Holdings Corp. announced it has agreed to acquire Lexmark International, Inc., from Ninestar Corp., PAG Asia Capital, and Shanghai Shouda Investment Centre in a deal valued at $1.5 billion, inclusive of assumed liabilities. This acquisition will strengthen the Xerox core print portfolio and build a broader global print and managed print services business better suited to meet the evolving... Read More