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Xerox acquires Lexmark for $1.5 billion

PUBLIC · XRXJul 01, 2025

Acquiring Company

Xerox

Acquired Company

Lexmark

NorwalkLexingtonInformation TechnologySoftwareConsultingDocument ManagementInformation TechnologyAnalytics

Description

Xerox has completed the acquisition of Lexmark International for $1.5 billion, significantly transforming its business strategy. This acquisition enhances Xerox's capabilities in the printing industry and aims to drive long-term growth and innovation. The unified leadership team will consist of executives from both companies to foster innovation and operational success. The acquisition is expected to contribute cost synergies and improve earnings by 2025.

Quick answer

Xerox is acquiring Lexmark for $1.5 billion, announced July 1, 2025. Xerox is based in Norwalk, Connecticut, United States.

How much did Xerox pay for Lexmark?
The reported deal value is $1.5 billion.
What does Xerox do?
Xerox has been redefining the workplace experience for over a century.
Where are Xerox and Lexmark based?
Xerox is based in Norwalk, Connecticut, United States. Lexmark is based in Lexington, South Carolina, United States.
Who are the decision-makers at Xerox?
Fundz holds 5 contacts at Xerox. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Consulting and Document Management

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Company Information

Company

Xerox

Location

Norwalk, Connecticut, United States

About

Xerox has been redefining the workplace experience for over a century. As a services-led, software-enabled company, we power today’s hybrid workplace through advanced print, digital, and AI-driven technologies. In 2025, Xerox acquired Lexmark—expanding our global footprint, strengthening service capabilities, and equipping us to deliver an even broader portfolio of workplace technologies to our clients. Today, we continue our legacy of innovation to deliver client-centric, digitally driven solutions that meet the needs of a global, distributed workforce. Whether in offices, classrooms, or hospitals, we help our clients thrive in a constantly evolving business landscape.

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Frequently asked

Who acquired Lexmark?

Lexmark was acquired by Xerox, based in Norwalk. The deal was reported on July 1, 2025. Xerox has been redefining the workplace experience for over a century. As a services-led, software-enabled company, we power today’s hybrid workplace through advanced print, digital, and AI-driven technologies. Xerox is publicly traded (XRX) and operates in Information Technology.

When did Xerox acquire Lexmark?

Xerox's acquisition of Lexmark was reported on July 1, 2025. Xerox has completed the acquisition of Lexmark International for $1.5 billion, significantly transforming its business strategy. This acquisition enhances Xerox's capabilities in the printing industry and aims to drive long-term growth and innovation. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Lexmark do?

Lexmark creates cloud-enabled imaging and IoT technologies that help customers worldwide quickly realize business outcomes. It is privately held, operating in Information Technology, and is based in Lexington.

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