Xerox to acquire Lexmark from Ninestar and PAG Asia Capital for $1.5bn.

Xerox, an American corporation that sells print and digital document products and services, agreed to acquire Lexmark, an American company that manufactures laser printers and imaging products, from Ninestar, a company that manufactures and sells printer consumables and chip design, and PAG Asia Capital, an Asia-focused alternative investment firm, 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.