Xerox Set to Reacquire Lexmark in a $1.5 Billion Deal

In a strategic move that is expected to reshape the printing industry, Xerox Holdings is reportedly close to finalizing a deal to acquire Lexmark International, Inc., a leading American printer manufacturer, from its current Chinese owners. Valued at $1.5 billion, including debt, this acquisition is set to be officially announced today, according to the Wall Street Journal, citing sources familiar with the matter.

Lexmark, currently a privately held company, is co-owned by Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre. The deal signifies Xerox's intent to bring Lexmark back under U.S. ownership, with financing reportedly involving a combination of cash and committed debt financing. This acquisition is anticipated to significantly bolster Xerox's core printing business, effectively doubling the company's size. Notably, Xerox and Lexmark have maintained a long-standing business relationship, with Lexmark serving as a key supplier to Xerox for years.