Tag: Lexmark

Printer and ink maker Lexmark International is being acquired and taken private.

The company said that a group of investors plans to acquire its business in an all-cash deal worth roughly $3,6-billion. China-based computer hardware company Apex Technology and investment management firm PAG Asia Capital are leading the deal with participation from Legend Capital Management.

After the acquisition closes, which is expected in second half of 2016, Lexmark will part join the ranks of several other former public companies that recently went private including data analytics firm Informatica and cloud software company Cvent.

The acquisition is subject to approval by US regulatory agencies including the Committee on Foreign Investment, which reviews foreign investment deals for possible national security risks. China and “certain other foreign jurisdictions” must approve the deal as well, the company said in an announcement.

The company’s shareholders will get $40.50 for each share they hold, Lexmark says. This represents a 16,8% premium with Lexmark’s shares at $34.66 at the close of the markets.

In October, Lexmark said it was exploring “strategic alternatives to enhance shareholder value.” The announcement came after Reuters reported earlier in April 2016 that Apex, which also makes ink cartridges, was interested in buying Lexmark.

The report said that Lexmark’s business had weakened amid a general decline in the personal computer and printing industry. In 2010, Fortune profiled Lexmark and asked whether the company was “the printing world’s most eligible bachelor,” or, in other words, likely to hitch up with a bigger suitor.

In recent years, Lexmark has made a big push into business software and digital document management services.

By Jonathan Vanian for www.fortune.com

Lexmark has announced the arrival in South Africa of its next generation A4 colour lasers and smart MFPs featuring seven new series.

“Many of the new colour laser devices in this series deliver one of the highest toner capacities in their class and industry-leading long life imaging components, resulting in fewer user interventions and Lexmark’s best-ever colour total cost of ownership,” says Nathan Nayagar, MD for Lexmark – South Africa & English Speaking Africa.

Lexmark’s new A4 colour smart MFPs address a continuing rise in MFP activity in both the enterprise and SME sectors – the A4 color MFP segment is the fastest growing market segment in the print and imaging industry.

“This Lexmark-created, game-changing technology brings together the best of A3 and A4 technology in a new way, designed to optimise for managed print services and business process solutions,” says Nayagar.

Driven by a powerful quad core processor, these models boast among the fastest print and copy speeds available in their respective A4 classes.

The products featured in the new line include: Lexmark CS720, CS725 and CS820 Series Printers, Lexmark CX725, CX820, CX825, CX860 Series MFPs.

Lexmark’s champion offering, the CX860, offers one of the highest toner capacity, the largest input/output capacity and the most flexible media support of any A4 color laser MFP. The CX860 is so advanced it rivals the capabilities of A3 products, enabling businesses to bring colour production in-house.

Each new device supports Kofax TotalAgility from Lexmark, enhancing the omnichannel capture strategy and helping businesses become more efficient.

Lexmark is changing the customer experience through introduction of a new tablet-like interface, providing outstanding ease of use. The new MFPs also are complete with productivity enhancing solutions such as the new unified Scan Center app. The app means users can scan a paper document once and route the digital image file to multiple destinations simultaneously such as e-mail addresses, network folders, FTP sites, fax machines, electronic document archives or other secure network locations, plus optional delivery confirmation.

Next generation innovations

  • A powerful quad core processor – these models boast among the fastest print and copy speeds available in their respective A4 classes
  • A completely redesigned Android user interface that brings very familiar mobile device qualities and characteristics to the smart MFP
  • High-powered document scanning capabilities to increase the speed and accuracy of information capture and routing
  • An enhanced mobile device printing experience
  • Robust, enhanced security tools that IT professionals will find familiar and reassuring
  • New generation Unison core/shell toner has lower friction and works at lower temperatures, saving energy – dropping energy consumption by a third!
  • New photo conductors and drums using long-life components which means less maintenance and calls to the client

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