Xerox to buy Affiliated Computer Systems in Move to Expand into the Document Services Sector

September 28, 2009

(ChattahBox) — Xerox Corp.the world’s biggest producer of high-speed color printers, has agreed to buy Affiliated Computer Services Inc. for about $5.75 billion in cash and stock, the companies announced Monday.  “By combining Xerox’s strengths in document technology with ACS’s expertise in managing and automating work processes, we’re creating a new class of solution provider,” Ursula Burns, Xerox’s chief executive, said in a statement. “A game-changer for Xerox, acquiring ACS helps us expand our business and benefit from stronger revenue and earnings growth.”The deal calls for Xerox to pay 4.935 Xerox shares and $18.60 in cash for each share of ACS, totaling $63.11 per share, a 33.6 pct over ACS’s Friday closing price. The acquisition will allow the photocopier giant to expand into the document services sector, creating a $22 billion business that will mesh both printing and copying services with the information technology and outsourcing components of Dallas-based ACS.  According to the Financial Times, ACS, is the largest provider managed services to the US government, operates in a wide array of sectors ranging from telecommunications and retail to healthcare and education, providing paper and information technology services.


Comments

3 Responses to “Xerox to buy Affiliated Computer Systems in Move to Expand into the Document Services Sector”

  1. IT Corner » Blog Archive » Xerox to buy Affiliated Computer Systems in Move to Expand into … on September 28th, 2009 12:51 pm

    […] post:  Xerox to buy Affiliated Computer Systems in Move to Expand into … « Affiliated Computer Services acquired by Xerox Corp. | CivSource Computer is […]

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  3. “Xerox buys ACS; Makes its big services bet” and related posts « Twitter on October 28th, 2009 6:20 am

    […] Xerox to buy Affiliated Computer Systems in Move to Expand into the Document Services Sector – ChattahBox News Blog See all 39 blogs. September 28th, 2009 | Category: Uncategorized […]

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