India, July 4 -- Xerox Holdings Corporation has completed the acquisition of Lexmark International, Inc. for $1.5 billion, including net debt and assumed liabilities. The deal, which sees Xerox acquire Lexmark from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre, marks a strategic consolidation in the global printing industry.

With this acquisition, Xerox aims to enhance its position in managed print services and expand its presence across global markets. The combined entity will serve over 200,000 clients in more than 170 countries and operate 125 manufacturing and distribution facilities across 16 countries. Steve Bandrowczak will continue as CEO of the unified company, supported by a leadership team drawn...