Xerox has announced plans to acquire printing giant Lexmark for $1.5 billion, with the deal expected to close in the second half of next year. The acquisition aims to strengthen Xerox’s print portfolio and enhance its ability to meet hybrid workplace demands.
Both companies emphasize the strategic benefits of the merger, highlighting increased innovation, faster development, and improved services for over 200,000 customers in 170 countries.
Xerox will finance the purchase through a mix of cash and debt, positioning the combined entity for long-term growth in the evolving digital landscape.
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