Xerox completes $1.5 billion Lexmark acquisition to boost print business

Seven months after it was first announced, Xerox Holdings Corporation says it has finalized its acquisition of Lexmark International in a $1.5 billion deal. The transaction, which includes net debt and assumed liabilities, closed on July 2, 2025. This move is part of Xerox’s broader efforts to evolve its business in a bid to stay relevant as work environments continue to shift in a post-Covid world. The deal brings together two print giants with long-standing reputations in the industry. Founded in 1906, Xerox is still best known for its pioneering office photocopiers but in more recent times successfully expanded into… [Continue Reading]