Monday, January 7, 2013

Lexmark International Announces Bolt-On Acquisition Of Acuo, Continuing Its Transformation

Shares of Lexmark International (LXK) have been off to a strong start in 2013, trading with gains of 12.5%. On Wednesday, the manufacturer of supplying printing, imaging, document workflow and content management solutions, announced the acquisition of Acuo Technologies.

The Deal

Lexmark International announced that it has agreed to acquire Acuo Technologies, a privately-held leader in high performance software and services in an all-cash transaction valuing the firm at $45 million.
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