Xerox Holdings Corporation has completed its acquisition of Lexmark International, Inc. from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre, in a $1.5 billion deal. This acquisition marks a significant step in Xerox's strategic transformation, reinforcing its position in the printing industry and expanding its reach to over 200,000 clients across 170 countries. With the integration of Lexmark, Xerox aims to enhance its managed print services leadership and broaden its portfolio, positioning itself for long-term growth. This move unites two complementary portfolios, strengthening Xerox's capabilities in delivering innovative workplace solutions globally.
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