Jan. 31, The Globe and Mail: Japan’s Fujifilm Holdings is set to take over Xerox Corp in a $6.1-billion deal, combining the U.S. company into their existing joint venture to gain scale and cut costs amid declining demand for office printing. The acquisition announced on Wednesday comes as Xerox has been under pressure to find new sources of growth as it struggles to reinvent its legacy business amid waning demand for office printing. Fujifilm is also trying to streamline its copier business with a larger focus on document solutions services.
Both companies are involved in production equipment, processes and materials for printable electronics. In fact, the Xerox Research Centre of Canada, a leading materials research facility, is a founding member of intelliFLEX.