BEIJING, Dec. 15 (Xinhua) - Zhuhai APEX Technology Co., Ltd (002190.SZ), a Chinese printer company, announced on December 12 that the company, together with PAG and Legend Capital, had taken over 100 percent equity in Lexmark, a global printer giant, for 3.9 billion US dollars.
This has been the largest overseas takeover in China's printer industry. The acquisition volume is 2.1 folds of Geely's takeover of Volve and more than 3 folds of Lenovo's takeover of IBM's computer business.
In 2015, Lexmark recorded operating revenue of 3.551 billion US dollars, equivalent to 23 billion yuan, compared to the 2.048 billion yuan of operating revenue of APEX.
APEX's takeover of Lexmark is expected to help it to obtain quality talents and technology and gain a firm foothold in international market.
Lexmark separated from IBM in 1991, and got listed in New York Stock Exchange in 1995. Its printers has been distributed to more than 170 countries in the world.Enditem (Edited by Li Xiaohui, lixh@xinhua.org)
A single purchase
