M&A Deal Summary

Lexmark International Acquires Tungsten Automation

On May 21, 2015, Lexmark International acquired information technology company Tungsten Automation for 1.0B USD

Acquisition Highlights
  • This is Lexmark International’s 2nd transaction in the Information Technology sector.
  • This is Lexmark International’s largest (disclosed) transaction.
  • This is Lexmark International’s 8th transaction in the United States.
  • This is Lexmark International’s 4th transaction in California.
Investment Fate
  • Tungsten Automation was divested to a consortium of buyers in 2017.
  • Tungsten Automation was sold to a consortium of financial buyers in 2022.

M&A Deal Summary
Date 2015-05-21
Target Tungsten Automation
Sector Information Technology
Buyer(s) Lexmark International
Deal Type Add-on Acquisition
Deal Value 1.0B USD

Target

Tungsten Automation

Irvine, California, United States
Tungsten Automation provides an intelligent automation software platform and solutions to enable organizations to digitally transform content-intensive workflows. The company supports customers in realizing faster time-to-value and increased competitiveness, growth, and profitability by combining Kofax’s cognitive capture, robotic process automation, process orchestration, analytics, and mobile capabilities while helping increase business resiliency and mitigating compliance risk. Tungsten Automation was formed in 1985 and is headquartered in Irvine, California.

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Buyer(S) 1

Buyer

Lexmark International

Lexington, Kentucky, United States
Category Company
Founded 1990
Sector Technology Hardware
Revenue 3.6B USD (2015)
DESCRIPTION

Lexmark International is a manufacturer and supplier of printing, imaging, device management, managed print services (MPS), document workflow, and business process and content management solutions. Lexmark International was founded in 1990 and is based in Lexington, Kentucky.

DEAL STATS #
Overall 11 of 11
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 11 of 11
State (California) 4 of 4
Country (United States) 8 of 8
Year (2015) 2 of 2
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 Claron Technology

Toronto, Ontario, Canada

Claron offers a web-based medical image viewing platform that allows doctors to view patient imaging studies.

Buy $37M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-03 Tungsten Automation

Irvine, California, United States

Tungsten Automation provides an intelligent automation software platform and solutions to enable organizations to digitally transform content-intensive workflows. The company supports customers in realizing faster time-to-value and increased competitiveness, growth, and profitability by combining Kofax’s cognitive capture, robotic process automation, process orchestration, analytics, and mobile capabilities while helping increase business resiliency and mitigating compliance risk. Tungsten Automation was formed in 1985 and is headquartered in Irvine, California.

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