Xerox
Assembly Line
Xerox to Acquire Lexmark
Xerox Holdings Corporation (NASDAQ: XRX) announced it has agreed to acquire Lexmark International, Inc., from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre in a deal valued at $1.5 billion, inclusive of assumed liabilities. This acquisition will strengthen the Xerox core print portfolio and build a broader global print and managed print services business better suited to meet the evolving needs of clients in the hybrid workplace.
Seurat Technologies Raises $21M to Decarbonize Manufacturing
Seurat has already secured seven letters of intent to join its commercialization program from the world’s largest automotive, aerospace, energy, consumer electronics, and industrial companies, and expects to launch its first commercial programs this year. The additional funding will be used towards building Seurat’s production-grade system which is targeted to produce parts at $300/kilogram — comparable to parts produced by machining. By 2025, Seurat anticipates lowering manufacturing cost to $150/kilogram, which is comparable to castings. As Seurat grows, its tech will make the $1 trillion metal manufacturing market fully accessible to additive manufacturing.