Xerox to purchase Tektronix printing division

NEW DELHI: Xerox Corporation announced an agreement to purchase for $950

million the Tektronix, Inc Color Printing and Imaging Division. The resulting

new Xerox business unit will leverage Tektronix' industry-leading color printing

technologies with Xerox' established line of black-and-white workgroup printers

to offer customers the broadest array of office printing products, available

through a combined and proven indirect distribution network worldwide.

By adding Tektronix' family of Phaser color laser and solid ink printers,

which last year logged nearly $275 million in sales, Xerox will become

Hewlett-Packard's single strongest competitor in office color printing. Xerox

distribution capacity will nearly double to more than 16,000 resellers and

dealers worldwide.

Xerox expects that its color printer operations, based in Webster, NY, will

be blended with those of Tektronix. Plans are being developed to combine

Tektronix research, sales and service operations with current Xerox operations.

Tektronix printing division, with approximately 2,400 employees, is

headquartered in the Portland suburb of Wilsonville, Ore. In addition to the

comprehensive line of printers, the established distribution network and

manufacturing capabilities, Xerox acquires Tektronix associated software and

supplies- including proprietary solid ink technology, which offers unique

advantages in speed, cost per page, and ease of use.