Xerox Holdings Corporation 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. 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. Financial terms of the transaction were not disclosed.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on XRX:
