Xerox Holdings Corporation announced on June 30, 2025, the completion of its acquisition of Lexmark International, Inc. from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre. The transaction was valued at $1.5 billion, inclusive of net debt and assumed liabilities, and was financed through a combination of cash on hand and debt.
This acquisition is a significant milestone in Xerox's strategic transformation, reinforcing its commitment to delivering innovative workplace solutions and expanding its global footprint. The combined entity will serve over 200,000 clients in more than 170 countries and operate 125 manufacturing and distribution facilities in 16 countries.
Xerox expects the transaction to be accretive to 2025 adjusted earnings per share and free cash flow, and to result in a lower pro forma gross debt leverage level. The company anticipates approximately $240 million of transaction-related cost synergies, which are expected to contribute over $1 per share of additional adjusted EPS accretion by the end of the second year following the close.
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