Just Six months after announcing the purchase of Lexmark, Xerox has definitely closed the operationin which he has invested around 1.5 billion dollars, the amount that the Lexmark owners have received so far: Ninstar Corporation, Pag Asia Capital and Shanghai Shouda Investment Center.
The transaction, which has been financed through a combination of money in cash and the company’s net financial debt, is an advance for the Xerox transformation strategy towards the development of solutions for jobs in hybrid environments. Steve Bandrowczak will continue to be CEO of Xerox, and will have a directive composed of different executives of Lexmark and Xerox.
Regarding Lexmark’s sum to the company’s portfolio, Bandrowczak stressed that from Xerox they have long admired ««LexMark’s solid reputation in printing and print managed services, its solid customer and partners base, and its global presence. Over the years we have developed a collaborative association, and today we take our businesses to the next level. Together, we will get more success for our clients and partners through a broader portfolio of printing and printing solutions, deepening our reinvention and solidifying our path towards long -term sustainable growth«.
In addition, Bandrowczak has pointed out that «eThis strategic combination reinforces our main business by adding exposure to the growth areas of the print market, as well as manufacturing and expansion capacity at our disposal in distribution. The transaction accelerates our reinvention improving our income mixture of increasing markets and allowing long -term growth in operational benefit through structural simplification. By joining two complementary portfolios and improving our capacities, we are better equipped than ever to offer end -to -end solutions«.
All Waugermanon the other hand, will leave his post as president and CEO of Lexmark After the closing of the operation, highlighting that this step «It is a crucial moment for Xerox and Lexmark, so that these two large companies combine to shape the future of the printing sector. Leading Lexmark has been an incredible opportunity«.
The sum of Xerox and Lexmark brings together about 200,000 clients in 170 countries. As when to facilities, the merger between both companies adds 125 manufacturing and distribution facilities, distributed throughout 16 countries.
