Printer sizes
Xerox takes over Lexmark for 1.5 billion dollars
Two of the best-known names in the printer and copier business will come from one company in future: Xerox is taking over Lexmark in a deal worth billions of dollars. The company is valued at 1.5 billion dollars (around 1.44 billion euros) including debt.
For decades, Xerox was primarily known as a provider of photocopiers, but now wants to establish itself as a provider of digital printing solutions. Xerox shares have recently come under pressure as device sales have fallen short of expectations. Lexmark was spun off from computer pioneer IBM in the early 1990s. In 2016, Chinese investors took over the company for a good 2.5 billion dollars.
Xerox CEO Steve Bandrowczak told the "Wall Street Journal" that the purchase of Lexmark is intended to boost growth despite the current headwinds in the industry. Among other things, Xerox could benefit from the brand's strength in Asian markets.
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