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About Lexmark International Inc.

Lexmark is all about the printing. Its printer business offers a range of imaging and printing equipment, from laser and dot matrix printers to multifunction devices as well as supplies of ink and related products. Besides providing hardware and ink, Lexmark is happy to set up an infrastructure to organize an organization’s printing processes through its managed print services business. The company’s customers are in the retail, financial services, healthcare, manufacturing, education, and government, and it sells its products and services in more than 170 countries. Lexmark is owned by a Chinese company, Ninestar Corp. (formerly known as Apex Technology).

Change in Company Type

Lexmark was purchased by Ninestar for $3.6 billion in 2016 and became a privately held company. The deal automatically gave Ninestar a major presence in the US and made it a top tier player in the printer market.

Operations

Lexmark offers a broad portfolio of monochrome and color laser printers and laser multi-function products, as well as a wide range of supplies and services covering its printing products and technologies.

Geographic Reach

Lexmark’s headquarters is Lexington, Kentucky. It also has a regional headquarters offices for its Canada, Asia/Pacific, EMEA, and Latin America operations.

Sales and Marketing

Lexmark distributes its printers and related products via IT resellers, direct marketing resellers, and copier dealers. 

Strategy

Before it was purchased in 2017, Lexmark de-emphasized hardware to focus more on supplies and services that generate recurring revenue. But Lexmark has redoubled efforts in the printer business under owner Ninestar Corp., which has said its goal is to be one of the top-three makers of laser printers in the world. Ninestar reported that Lexmark sold nearly 1.5 million printers in 2017, a 10% increase over the previous year, with expectations to reach 1.7 million units. A new printer manufacturing plant has been planned in China.

Ninestar also expanded Lexmark overseas, establishing a business unit to sell and market Lexmark’s products in China and other Asian markets. 

Company Background

In 1991 IBM sold Lexmark to a group led by investment firm Clayton, Dubilier & Rice for $1.5 billion. A year later, Lexmark introduced its first color printer and in 1993 it made its first acquisition when it bought Australian printer maker Gestetner Lasers; the purchase increased Lexmark's presence in the Pacific Rim. As the company entered the 2010s, it began to shift toward processing and managing information rather than printing it. Lexmark made a series of acquisitions of software companies leading up to its biggest deal, the $1 billion purchase of Kofax in 2015. A year later, Lexmark sold Kofax and other software assets to the Thoma Bravo private equity firm. Then Ninestar acquired Lexmark for $3.6 billion.

Lexmark International Inc.

740 W NEW CIRCLE RD
Lexington, KY 40511-1876
Phone: 1 (859) 232-2000

Stats

Employer Type: Publicly Owned
SVP and CFO: Ying Liu
SVP, Chief Revenue Officer and Interim Co-CEO: Brock Saladin
SVP, CTO and Interim Co-CEO: Allen Waugerman
Employees (This Location): 4,200
Employees (All Locations): 13,600

Major Office Locations

Lexington, KY

Other Locations

Irvine, CA
Pleasanton, CA
Sacramento, CA
Longmont, CO
Washington, DC
Doral, FL
Rosemont, IL
Lexington, KY
Minneapolis, MN
Kansas City, MO
Montvale, NJ
Park Ridge, NJ
Irving, TX
Vienna, VA
Brossard, Canada
Calgary, Canada
Edmonton, Canada
Gloucester, Canada
Kitchener, Canada
Québec, Canada
Sooke, Canada
Toronto, Canada
Vancouver, Canada
Victoria, Canada
Winnipeg, Canada
Aix En Provence, France
Bordeaux, France
Labege, France
Lille, France
Lyon, France
Nantes, France
Reims, France
Strasbourg, France
Suresnes, France
Taipei City, Taiwan