Xerox sells stake in Fuji-Xerox for $2.3B, considering offer to acquire HP.
Dave Savastano, Editor11.07.19
The inkjet printing industry has been a highlight in the printing arena for more than a decade. The press and consumables businesses remain pretty fragmented; conventional press manufacturers like Heidelberg (Fujifilm) are even making alliances and headway in the segment.
In April 2019, a huge move came when Electronics for Imaging (EFI) announced it would be acquired by an affiliate of Siris Capital Group for $1.7 billion. The acquisition, which was completed three months later, is thought to provide EFI with more resources to grow its press, ink and Fiery software businesses.
As large as this move is, this is pretty small compared to what has broken out on the inkjet front in the past few days, all centered around Xerox. It started on Nov. 5, 2019, when Xerox made a series of moves with FUJIFILM worth $2.3 billion.
The background is this: In 2018, the two companies had briefly flirted with FUJIFILM acquiring Xerox, but that fell through for a variety of reasons. The two companies
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