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Xerox to Buy ACS for $6.4 Billion

September 28, 2009 Contract Awards, Executive Moves, Financial Report

Xerox Inc. has agreed to buy IT services firm Affilliated Computer Services, Inc. for $6.4 billion.  The major copier company is following in the footsteps of hardware giants Dell and HP, who recently purchased service companies Perot Systems and EDS, respectively.  The new Xerox-ACS firm would boast over $22 billion in annual revenue, and as much as $400 million in synergies could be realized in the first three years after the merger.

ACS President and CEO Lynn Blodgett commented on the merger, “…we need a partner with tremendous brand strength and leading innovation. Xerox offers that and more…”

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