Announced

Completed

Xerox completed the acquisition of Lexmark from Ninestar, PAG Asia Capital and Shanghai Shouda Investment Centre for $1.5bn.

Synopsis

Xerox, an American corporation that sells print and digital document products and services, completed the acquisition of Lexmark, an American company that manufactures laser printers and imaging products, from Ninestar, a company that manufactures and sells printer consumables and chip design, PAG Asia Capital, an Asia-focused alternative investment firm, and Shanghai Shouda Investment Centre, a Chinese investment entity, for $1.5bn. “Our acquisition of Lexmark will bring together two industry-leading companies with shared values, complementary strengths, and a deep commitment to advancing the print industry to create one stronger organization. By combining our capabilities, we will be better positioned to drive long-term profitable growth and serve our clients, furthering our Reinvention,” Steve Bandrowczak, Xerox CEO.

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