Xerox buys Lexmark for $1,5bn

Billy Spears of Lexmark Officially Joins Xerox Team

27-year Lexmark veteran Billy Spears has joined the Xerox team as senior VP and chief product delivery officer.

A Farewell Message from Lexmark CEO

As I say goodbye, I do so with pride and optimism A farewell message from Allen Waugerman June 27, 2025 Allen Waugerman, President and CEO, Lexmark Today, I am stepping away from my role as CEO of Lexmark, and I do so with immense pride in what we’ve built and with great optimism for what lies ahead. Lexmark has always been more than a workplace to me. It’s been a mission, an opportunity and most importantly, a community. Since our inception in …

Xerox buys Lexmark for $1,5bn

Xerox has completed its acquisition of Lexmark International from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre and says the transaction – valued at $1,5-billion inclusive of net debt and assumed liabilities – marks a significant milestone in the company’s strategic transformation, reinforcing its commitment to delivering innovative workplace solutions in an evolving hybrid environment. “We’ve long admired Lexmark…