In the fast-moving world of business, mergers, acquisitions, and innovations are standard practices that help companies stay ahead in the game. In recent years, we have seen several changes take place at Xerox, one of the biggest names in the printing and imaging industry. In this article, we will take a closer look at some of the latest Xerox business news, including mergers, acquisitions, and innovations.
Merging with HP
One of the most talked-about news stories in the business world was the proposed merger between Xerox and HP. The deal would have resulted in a company with a market cap of around $57 billion. Despite initial support from Xerox shareholders, the deal fell through due to the COVID-19 pandemic and other factors. While the merger didn’t go ahead, it demonstrated Xerox’s commitment to exploring new opportunities to grow and expand its business.
Acquiring Vader Systems
In 2020, Xerox acquired Vader Systems, a New York-based company that specializes in liquid metal 3D printing technology. This acquisition will allow Xerox to expand its range of 3D printing technologies and offer new solutions to customers across a range of industries. Vader’s technology is faster and more accurate than traditional 3D printing processes, making it an exciting addition to Xerox’s portfolio.
Expanding into Cloud Services
Xerox is also making inroads into the cloud services market as part of its plan to move beyond printing and imaging solutions. Its acquisition of WDS, a Texas-based cloud services provider, marked Xerox’s entry into this industry. By offering cloud-based solutions and services, Xerox can provide its customers with a more comprehensive range of technology solutions.
Investing in Research and Development
Innovation has always been part of Xerox’s DNA, and the company continues to invest heavily in research and development. In March 2021, Xerox announced that it will invest $250 million in R&D over the next two years. This investment will help Xerox develop new technologies and tools that can help its customers be more productive and efficient.
Conclusion
In conclusion, Xerox continues to evolve and grow as a company, exploring new opportunities to expand its business and offer its customers innovative solutions. The proposed merger with HP, the acquisition of Vader Systems and WDS, and the investment in R&D are just a few of the latest Xerox business news stories that demonstrate this commitment to growth and innovation. As we look to the future, it will be exciting to see what other developments Xerox has in store.
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