Marketplace®

Daily business news and economic stories

Chinese companies love acquiring American brands

Printer company Lexmark is being sold to a Chinese group for about $3.5 billion.

A Lexmark printer.
A Lexmark printer.
Image via Wikimedia Commons

Is it the slowing Chinese economy, a weakened yuan? Probably both, but whatever the cause, Chinese companies have been very active in acquiring American ones. 

The American printer company Lexmark is being sold to the Chinese group Apex for about $3.6 billion.

Shaun Rein, founder of China Market Research Group, said this trend will likely carry on for years. 

“Already in Q1 of this year, there’s been more outbound Chinese investment than all of 2015,” he said. “So we’re just at the beginning of Chinese companies becoming global players through acquisition.”

An interesting wrinkle in this story is that the printer market in China is still booming. Unlike in the U.S. where Americans use electronic signatures and PDFs, all contracts and invoices still have to be printed out. So Apex, the company acquiring Lexmark, could be buying more than the Lexmark name.

 

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    6 hours ago
    25:19
  • Make Me Smart
    11 hours ago
    19:00
  • Marketplace Morning Report
    14 hours ago
    6:55
  • Marketplace Tech
    18 hours ago
    8:33
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45