Xerox Completes Acquisition of Lexmark for $1.5 Billion

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 managed print services and workplace solutions.

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