Xerox Holdings Corporation has announced an update regarding its acquisition of Lexmark International, Inc. The deal, valued at $1.5 billion, is anticipated to close in the third quarter of 2025, pending regulatory approvals and customary closing conditions. As part of this transaction, Xerox has unveiled a new leadership team that includes two distinguished Lexmark executives who will join its Executive Committee. Kim Kleps has been appointed as the Chief People Officer at Xerox. This strategic acquisition aims to integrate Lexmark's renowned imaging solutions and technologies into Xerox's portfolio, positioning the combined organization to serve over 200,000 clients in more than 170 countries with advanced print, digital, and IT services.
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