Xerox Announces Sale of Argentina and Chile Direct Business to Grupo Datco
13 March 2024 - 3:00AM
Business Wire
Xerox Holdings Corporation (NASDAQ: XRX) today announced plans
to transform its operating model in Argentina and Chile and has
sold its operations in these regions to Grupo Datco, a technologies
and fiber optic network services provider in Latin America. This
transition aligns with the company’s ongoing Reinvention.
“As Xerox continues its Reinvention journey, the company is
committed to helping our clients reach their goals. Across
geographies, we rely on our partners to help steer the channel and
accelerate growth for our clients, making them more productive and
successful,” said John Bruno, president and chief operating officer
at Xerox. “Grupo Datco has a proven track record of providing
clients the software and services they need to be successful, and
we look forward to working alongside them as we transition our
Argentina and Chile businesses to a partner-led model to support
this effort.”
Following this transfer of ownership, the new companies will
operate as independent entities. Grupo Datco will continue to
service Xerox devices previously sold in Argentina and Chile and
will become the exclusive partner for Xerox in these markets. Xerox
has a successful and well-established partner-led business and will
continue to uphold its brand presence in the region through its
network of partners.
“We are proud to continue Xerox's business management in
Argentina and Chile, countries where we know we can add value and
gain even more market share for the excellent products and services
of a brand associated with innovation like Xerox,” said Horacio
Martínez, chief executive officer and founder of Grupo Datco.
"Grupo Datco's ability to offer Xerox's products and solutions in
Argentina and Chile will generate new growth opportunities and a
long-term business plan, with a priority being placed on preserving
its talented workforce. Grupo Datco has a successful track record
with acquired companies. At Grupo Datco we always focus on growth,
synergies, and long-term development.”
Financial terms of the transaction were not disclosed.
About Xerox Holdings Corporation (NASDAQ: XRX) For more
than 100 years, Xerox has continually redefined the workplace
experience. Harnessing our leadership position in office and
production print technology, we’ve expanded into software and
services to sustainably power the hybrid workplace of today and
tomorrow. Today, Xerox is continuing its legacy of innovation to
deliver client-centric and digitally-driven technology solutions
and meet the needs of today’s global, distributed workforce. From
the office to industrial environments, our differentiated business
and technology offerings and financial services are essential
workplace technology solutions that drive success for our clients.
At Xerox, we make work, work. Learn more at www.xerox.com and
explore our commitment to diversity and inclusion.
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Xerox® is a trademark of Xerox in the United States and/or other
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version on businesswire.com: https://www.businesswire.com/news/home/20240312890323/en/
Media: Justin Capella, Xerox, +1-203-258-6535,
Justin.Capella@xerox.com
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