Apex Technology Says Lexmark Acquisition Will Help it Create Global Printer Empire

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Last week, Lexmark International reported that it had officially been acquired by Apex Technology and a consortium of investors for $3.6 billion, and this week, Apex Technology released a statement that says its acquisition of Lexmark International will help it build a global printer empire.

Apex, along with Ninestar, another investor, stated that they are “delighted” with the deal, which has seen Apex take “a great step onto the global business stage,” and that “this is not only a milestone development in Apex’s history, but a landmark event for the global printing industry as a whole”.

The firms also state that they “are confident in reaching the next level of growth and innovation, to the benefit of all our suppliers and business partners, even faster than we could have achieved on our own.” Apex and Ninestar also state that the acquisition “not only enables its (Lexmark’s) continual focus on high-end strategic initiatives in order to maintain its position as the leading printing solutions provider in the industry, it also provides Lexmark with new avenues to substantial market opportunities in China and the Asia-Pacific region.”

Apex to Have ‘Role’ in Every Aspect of the Printer Industry

According to the statement, Apex will also “have a role to play in every aspect of the printing industry, from software to hardware, from OEM to compatible consumables, and from components to microelectronic chips.”

The statement continues: “..it is a big possibility” that the acquisition will “mark the next step towards a global printing empire. That is our goal: to be a leading imaging-solutions provider both for the aftermarket and OEM market throughout the world.”

Jackson Wang, chairman of Apex Technology, commented: “Lexmark’s passion for excellence and unwavering commitments to customers, employees and communities represent a tremendous cultural fit. We are excited to work alongside Lexmark as it continues to invest in advanced technologies and solutions to best serve its customers and business partners while simultaneously pursuing addition untapped opportunities for future growth.”

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