The Recycler
  • Nubeprint Online 425x90
  • ECs TEmp AD
  • Katun March Web Advert 2021
  • Biuromax Web ad May 2021
  • Ninestar Masthead banner July 2021

Xerox/Fujifilm transaction closed

Xerox/Fujifilm transaction closed

November 11, 2019

Xerox Holdings Corporation announced that it has closed its previously announced transactions with Fujifilm Holdings Corporation, which included the sale of Xerox’s 25 percent stake in Fuji Xerox Co., Ltd. to a subsidiary of Fujifilm.

The deal included that Xerox sold its stake in the Fuji Xerox venture and receives $2.3billion (€2.06 billion) and secure modified sourcing terms for future product programmes that will ensure Xerox’s product supply continuity.

Xerox also sold its 51 percent stake in Xerox International Partners (XIP), an OEM joint venture between Xerox and Fuji Xerox, which, together with the grant of a new IP license, will allow Fuji Xerox to OEM certain products (such as printer engines) to named parties that are existing customers of XIP on a worldwide basis in exchange for a fixed royalty.

The $1 billion (€0.89 billion) Fujifilm lawsuit against Xerox for reneging on the deal to merge the two companies will be dismissed.

Exiting the Fuji Xerox partnership and ending the legal action leaves Xerox open to pursue accretive M&A in core and adjacent industries, return capital to shareholders and pay down its $554 million (€502 million) December 2019 debt maturity.

Xerox expects to provide updated 2019 guidance by early December 2019 that incorporates the impact of the transactions.

King & Spalding LLP acted as legal counsel to Xerox in connection with the transactions.

Categories : Around the Industry

Tags : Fuji Xerox Fujifilm Split Xerox

  • Aster AUGUST Web banner 2021
  • GM Technology web banner September 2021
  • Static Web ad July 2021
  • GPI September 2021 Advert
  • IR Italiana Web ad January 2021
  • Armor May banner Ink
  • Apex web ad May 2021 version 2
  • Ninestar Big & Bold July 2021
  • Mito September 2021 Web Advert
  • CET Web ad September 2021
  • ITP Web ad January 2021
  • HYB Web ad February 2021
  • CTS Toner Supplies Web ad April 2021
  • PW Dubai December Ad
  • Adter Recruitment Web ad April 2021
  • PCL Web ad January 2021
  • Ohana July 2021 web advert
  • Ohana July 2021 web advert
  • ITP Web ad January 2021
  • PCL Web ad January 2021
  • CET Web ad September 2021
  • HYB Web ad February 2021
  • PW Dubai December Ad
  • Adter Recruitment Web ad April 2021
  • CTS Toner Supplies Web ad April 2021
  • Ohana July 2021 web advert
  • CTS Toner Supplies Web ad April 2021
  • PCL Web ad January 2021
  • HYB Web ad February 2021
  • Adter Recruitment Web ad April 2021
  • CET Web ad September 2021
  • ITP Web ad January 2021
  • PW Dubai December Ad

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2021 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark