Lexmark International, Inc.
Traded as NYSE: LXK
S&P 400
Industry Business process management
Document management system
Enterprise Content Management
Managed Print Services
Enterprise output management
Predecessor Printer and printer supply operations of IBM
Founded 1991
Headquarters Lexington, Kentucky, U.S
Area served
Key people
Dave Reeder
(Chairman and CEO)
Products Business process management
Document management system
Enterprise Content Management
Managed Print Services
Enterprise output management
Revenue Increase US$3.711 billion (2014)[1]
Decrease US$149.2 million (2014)[1]
Decrease US$79 million (2014)[1]
Total assets Increase US$3.633 billion (2014)[1]
Total equity Decrease US$1.281 billion (2014)[1]
Owner PAG Asia Capital
Number of employees
12,700 (December 2014)[1]
Parent Apex Technology
Website www.lexmark.com

Lexmark International, Inc. is an American corporation that manufactures laser printers and provides enterprise software. The company is headquartered in Lexington, Kentucky, in the United States.


Lexmark Headquarters, Lexington, KY

Lexmark was formed on March 27, 1991 when IBM divested a number of its hardware manufacturing operations, including printer and printer supply operations, to the investment firm Clayton, Dubilier & Rice, Inc. in a leveraged buyout.[2][3][4][5] Lexmark became a publicly traded company on the New York Stock Exchange on November 15, 1995.[6]

It was reported in April 2016 that Lexmark would be acquired by Apex Technology and PAG Asia Capital for $3.6 billion USD. Lexmark was set to be acquired at $40.50 per share in the transaction.[7] Initial talks for the acquisition were begun at the Remax World Expo in 2015.[8] The deal is expected to close in the second half of 2016. Lexmark has stated that "it intends to remain headquartered in Lexington, Kentucky."[9]


The firm's corporate headquarters is located in Lexington and research and development (R&D) offices are distributed globally with additional R&D facilities located in Boulder, Colorado; Lenexa, Kansas; Cebu, Philippines; Kolkata, West Bengal, India; Berlin, Germany; Stockholm, Sweden[10] and Irvine, California.[11] Lexmark has offices throughout North and South America, Asia, Africa and Europe. The company has more than 12,000 employees worldwide.


Inkjet exit

In August 2012, Lexmark announced that it would stop production of its inkjet printer line.[23][24] Lexmark will continue to provide service, support and aftermarket supplies for its inkjet installed base.[25]

In April 2013, Funai Electric Company, Ltd. announced that it had signed an agreement to acquire Lexmark's inkjet technology and assets for approximately $100 million (approximately ¥9.5 billion). Funai acquired more than 1,500 inkjet patents, Lexmark's inkjet-related research and development assets and tools, all outstanding shares and the manufacturing facility of Lexmark International (Philippines), Inc., and other inkjet-related technologies and assets.[26]

Lexmark pioneered the use of profits from ink cartridges as a business model, with the result of modifying the legal models of product ownership and patent exhaustion over several years.[27]

A court victory in 2005 was handed to Lexmark in the case of ACRA v. Lexmark. This case states that Lexmark can enforce the "single use only" policy written on the side of Lexmark printer cartridge boxes sold to certain large customers at a discount, with the understanding that the customers will return the cartridges to Lexmark after using them. This means that these customers can face lawsuits if they breach the agreements, and do not return the cartridges.

Also in 2005, Lexmark suffered a legal defeat in the case of Lexmark Int'l v. Static Control Components, when the U.S. Supreme Court rejected Lexmark's petition for a writ of certiorari, thereby rejecting their attempt to have the Court hear their case. In this case, the defendant was a manufacturer of microchips that allowed third-party ink and toner cartridges to work on printers, including many manufactured by Lexmark. Such printers incorporated a feature that would require authentication from a microchip within the ink/toner cartridge in order to function; this was designed to prohibit users from refilling the cartridges. Yet a recent firmware update allowed Lexmark to prevent end users from refilling ink cartridges or using third-party ink cartridges.

See also


  1. 1 2 3 4 5 6 "2014 Form 10-K, Lexmark International, Inc.". United States Securities and Exchange Commission.
  2. "Customs Ruling HQ 544887". U.S. Customs and Border Protection. October 2, 1992.
  3. "Lexmark International Group 1996 annual report, SEC Form 10-K". Advameg. March 24, 1997.
  4. "IBM Archives: 1991".
  5. Lewis, Peter H. (December 22, 1991). "The Executive Computer; Can I.B.M. Learn From a Unit It Freed?". The New York Times. Retrieved May 7, 2010.
  6. "LXK stock quote - Lexmark International, Inc. stock price". NASDAQ.com. Retrieved April 22, 2013.
  7. "Details Disclosed for Lexmark Acquisition Deal". RT Recycling Times. April 21, 2016. Retrieved June 12, 2016.
  8. "Former Lexmark Executive Reveals Deal with Ninestar-Apex". RT Recycling Times. April 20, 2016. Retrieved August 15, 2016.
  9. "Printer-maker Lexmark snapped up for $3.6 billion". CNET. Retrieved April 20, 2016.
  10. "Lexmark 2014 Annual Report". Lexmark International, Inc. Retrieved January 19, 2016.
  11. 1 2 "About Us - Kofax". Retrieved January 19, 2016.
  12. "Lexmark Newsroom - News Releases". Newsroom.lexmark.com. May 21, 2010. Retrieved April 22, 2013.
  13. "Lexmark acquires Pallas Athena - LEXINGTON, Ky., Oct. 18, 2011 /PRNewswire/". Prnewswire.com. Retrieved April 22, 2013.
  14. "Lexmark acquires Brainware - Mar 5, 2012". Newsroom.lexmark.com. Retrieved April 22, 2013.
  15. "Lexmark acquires ISYS Search Software and Nolij - Mar 19, 2012". Newsroom.lexmark.com. Retrieved April 22, 2013.
  16. "Lexmark acquires Acuo Technologies - Jan 2, 2013". Newsroom.lexmark.com. January 2, 2013. Retrieved April 22, 2013.
  17. "Lexmark acquires Twistage and AccessVia". Newsroom.lexmark.com. March 5, 2013. Retrieved September 21, 2013.
  18. "Lexmark announces agreement to acquire Saperion". Retrieved January 19, 2016.
  19. "Lexmark acquires PACSGEAR". Retrieved January 19, 2016.
  20. Big acquisition brings Perceptive Software opportunity and layoffs Bizjournals.com, September 19, 2014
  21. "Even Better Invoice Processing. ReadSoft is now Lexmark.". Retrieved January 19, 2016.
  22. "Lexmark completes acquisition of Kofax, announces Enterprise Software leadership change". Retrieved January 19, 2016.
  23. "Lexmark announces restructuring". Lexmark. August 28, 2012. Retrieved August 28, 2012.
  24. "Lexmark to exit inkjet printer market". pcpro.co.uk. August 28, 2012. Retrieved August 28, 2012.
  25. "Lexmark announces restructuring". Newsroom.lexmark.com. August 28, 2012. Retrieved April 22, 2013.
  26. "Funai acquiring Lexmark's inkjet-related technology and assets". Newsroom.lexmark.com. April 1, 2013. Retrieved September 21, 2013.
  27. Duan, Charles (October 21, 2016). "How a Printer Company Redefined Ownership; Lexmark's strategy has changed the rules about what you can do with something you 'bought.'". Slate. Retrieved October 22, 2016.
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