Lexmark to Acquire German Software Firm for $72 Million
In keeping with its objective to "pursue acquisitions that support growth and increase software and solutions capabilities," Lexmark has signed an agreement to acquire Germany-based enterprise content management (ECM) software provider Saperion, Lexmark announced today.
Lexmark will pay $72 million in the all-cash deal for Saperion, which will report to its Perceptive Software division after the transaction closes. Lexmark Chairman and CEO Paul Rooke commented in a statement that, "Upon closing, Saperion will be the latest software acquisition that strengthens Lexmark's transition from being a global leader in imaging and output technology to one that offers enterprises end-to-end solutions."
The acquisition is expected to close in Q3 of 2013, subject to approval from German regulatory agencies and customary closing conditions.
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