Xerox acquires Lexington-based printer manufacturer Lexmark for $1.5 billion [Yahoo! Finance]
International Business Machines Corporation (IBM)
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Source: Yahoo! Finance
The deal is expected to close in the second half of 2025, according to an announcement from the company. Until then, both Xerox and Lexmark will maintain their current operations and operate independently. Lexmark is a Lexington-based manufacturer of laser printers and imaging products. The company has operated since March 1991, when the company was spun out of IBM. The global headquarters building on New Circle Road was built in 1954 to house IBM's typewriter manufacturing operations. “Our acquisition of Lexmark will bring together two industry-leading companies with shared values, complementary strengths, and a deep commitment to advancing the print industry to create one stronger organization,” said Steve Bandrowczak, chief executive officer at Xerox. “By combining our capabilities, we will be better positioned to drive long-term profitable growth and serve our clients, furthering our Reinvention.” Lexmark employs 8,000 people worldwide, according to a Lexmark spokesperson.
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