Thought Leadership

Better together: Lexmark and Xerox sign a transformative deal

| By Allen Waugerman, President and CEO, Lexmark

Lexmark president and CEO Allen Waugerman gives his perspective on the historic transaction.

Xerox and Lexmark logos

TAGS: Thought Leadership

More than three decades ago, my Lexmark journey began on the factory floor of an IBM facility here in Lexington, Ky., helping churn out typewriters and later keyboards. I never imagined that one day, I would be leading this great company as president and CEO. 

Today, I am pleased to usher in our company’s next great chapter: Lexmark will be acquired by Xerox in a historic transaction that reshapes the future of the printing industry.

Undoubtedly, we are making history together. This is a transaction joining two industry icons, and together as one, we’ll be even greater. By combining Lexmark's innovative printing and IoT solutions along with Xerox® ConnectKey® Technology and advanced print and digital services, we’re creating a comprehensive leading portfolio unique in the industry. Think greater reach, enhanced offerings, and unparalleled value for our customers.

With this new organization, we will be a global print titan, serving over 200,000 customers in 170 countries around the world. We will be a top-five player in all print markets,  strengthening our leadership and enabling us to better serve customers.

Make no mistake. This isn't just about growing in size — it's about getting better and stronger. We're combining our expertise to accelerate innovation and deliver faster development cycles, more advanced features, and a world-class printing experience. We're committed to empowering businesses of all sizes to thrive in today's digital world. 

I'm incredibly excited about this new chapter and the opportunities it unlocks for us all.