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Friday, January 27, 2023

Xerox (NYSE: XRX) Announces Acquisition of Groupe CT

Xerox Holdings Corporation (NYSE: XRX) declared Monday that it has bought Groupe CT. It has been revealed that this is the second buying of the firm as it is targeting the Canadian SMB market in the last year. In Canada’s Economy SMBs played a crucial role. The main aim of Xerox is to aiding Canadian SMBs to stay alive and prosper in the existing climate and beyond.

Groupe CT is striving to offer the latest advancement and technologies to assist Canadian businesses to work smart. After joining hands with Xerox, the firm will be more in a position to provide safe and viable solutions that help a disseminated and hybrid workforce.

Shares of Xerox Holdings Corporation soared 1.31% at +0.32 at the time of writing on Monday. XRX has recorded a trading volume of 617.76K as compared to the average volume of 3.11 million. The last closing price which the firm has recorded is $24.67. Xerox Holdings Corporation has a total market capitalization of $4.61 billion at the time of writing.

Earlier in March 2020, Xerox disclosed the buying of Digitex. Digitex is the largest autonomous services, software, and technology supplier in Western Canada. XRX revealed that it is striving to increase its presence in the North American small and midsize business (SMB) market.

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