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Chinese Ministry of Commerce’s Magazine Reports Apex’s Acquisition of Lexmark

Business Bureau of Zhuhai and Zhuhai Foreign Economic Cooperation Association reported Apex Technology’s successful acquisition of Lexmark in a press release.

This acquisition, worth $3.9 billion (including 100% of stock rights, intellectual properties and the brand) has become China’s largest overseas acquisition in the printing industry and has garnered much attention. The article described that “A transaction of this size is rare in global printer industry, amounting to approximately 26 billion RMB, more than 3 times the price of Lenovo’s acquisition of IBM PC business. The value of the acquisition is beyond its price. ”