News Xerox to acquire Lexmark
XEROX HOLDINGS CORPORATION has agreed to acquire Lexmark International from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre in a deal valued at $1.5 billion. This acquisition will strengthen the Xerox core print portfolio and build a broader global print and managed print services business that is better suited to meet clients’ evolving needs in the hybrid workplace.
“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 organisation,” said Steve Bandrowczak, chief executive serve our clients, furthering our reinvention.” The new organisation will serve more than 200,000 clients in 170 countries and have 125 manufacturing and
distribution facilities in 16 countries. Combined, Lexmark production print markets and are key players in the large, stable, managed print services market. “Lexmark has a proud history of serving our customers with world-class technology, solutions and services, and we are excited to join Xerox and expand our reach with “Lexmark and Xerox are two great companies that together will be even greater.” “Our shared values and vision are expected to streamline companies to make it easier to do business with Xerox,” added Bandrowczak.
The deal is expected to close in the second half of 2025. Until then, Xerox and Lexmark will maintain their current operations and operate independently.
QBS Software makes its third acquisition into the META Region
with the promise of more to come QBS TECHNOLOGY GROUP has acquired Titus Corp, a South African-based ‘long tail’ enterprise software distributor. Titus specialises in enterprise software delivery via an extensive partner network throughout SADC (Southern African Development Community). The acquisition strengthens QBS with expert access to the South African enterprise software market and is the next step on our journey to become a billion-dollar business. “We are pleased to extend our footprint into
a proven geography with our third acquisition in the META (Middle East, Turkey, and Africa) region,” said Dave Stevinson, CEO of QBS. “It strengthens our software delivery capabilities and enables our partners to access a rapidly growing and dynamic market. We were impressed with Titus Corporation’s management team, heritage, technical capability, partner enablement, and, quite frankly, their ambition. “Joining QBS, the global leader in Software delivery, feels like the ideal platform to scale Titus as we seek to grow Raldo Loots, managing director of Titus Corporation. “It is exciting to work alongside Dave and his team – as together we will collaborate with our partner network to solve the most important problems that large enterprises are facing in consolidating their long tail of software publishers.” “We already have over 100 colleagues in South Africa working on the business, so it made absolute sense to make the acquisition as it allows us to build out an extension of our
8 | January/February 2025
QBS Sales engine in the region,” said Stevinson. “We are help expanding across Africa, and we are investing in that capability to empower them. In the last six years, QBS has expanded our publisher count, services, and geographic reach and grown our revenues over 10 times.” QBS Software, initially founded in 1987 to develop software for banks, was acquired by GNR in 2018. GNR, which began operations in 2017 in Audley Edge, rebranded the company (Europe, the Middle East and Africa) region. The company continues to pursue expansion, with more acquisitions planned to drive growth both in the UK and internationally.
www.pcr-online.biz
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52
