Acquisition ImpactXerox announced a definitive agreement to acquire Lexmark for $1.5 bn, which appears on the surface to be the acquisition of a better managed company in Core Print and with more attractive exposure to growth markets and better channel presence.
Financial PerformanceAcquisition to accelerate path towards double-digit operating margins, given higher margins and robust synergies from Lexmark.
Growth OpportunitiesThere is an opportunity for Xerox to drive a more optimistic outlook with demonstrated growth in Digital & IT Services, including the recent acquisition of ITsavvy.