Apex Rumoured to be Considering Selling Lexmark’s Software Division

apex-technology

Apex Technology facility in China.

Bloomberg reports that Apex Technology and a group of investors set to purchase Lexmark International once regulatory approval is obtained are reportedly considering selling Lexmark’s software division, according to unnamed sources.

China-based Apex Technology and investor PAG Asia Capital are said to be discussing the sale with several private-equity firms. The software division is said to be worth as much as $1 billion.

A Lexmark spokesperson declined to comment on the proposed sale. Lexmark continues to expect the deal – in which it would Apex and investors would purchase it for $3.6 billion – to close in the second half of 2016.

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