The American corporation, a leader in the field of printing, Xerox has left the Russian market, selling assets to local management. This is stated in the company's official statement. Xerox (CIS) LLC plans to change its name. It is known that all employees retained their jobs.
According to the company's president, Anton Borodikhin, customers will receive support in accordance with current contracts. In addition, Xerox (CIS) LLC will be engaged in new projects in Russia.
Xerox management announced the termination of the supply of copying equipment to Russia in March 2022. According to the Spark system, the revenue of the company's Russian division decreased to 6.7 billion rubles at the end of last year. At the same time, the net loss amounted to almost 260 million rubles.
Xerox was founded in 1906 and is headquartered in Norwalk. Xerox is among the top largest companies in the Forbes Global 500.
