In keeping with its objective to "pursue acquisitions that support growth and increase software and solutions capabilities," Lexmark (NYSE:LXK) 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.
Fool contributor Tim Brugger has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.