Xerox Corporation (NYSE:XRX) agreed to acquire Invoco Holding Gmbh on December 20, 2013. After closing, Invoco Holding Gmbh will go to market as ‘Invoco, A Xerox Company'. Invoco Holding Gmbh reported revenues of €40 million. The Invoco management team will remain unchanged and continue to be led by Rainer Diekmann, Invoco's Chief Executive Officer. The deal is subject to customary closing conditions. Ingo Scholz, Carolin Fenck, Klaus Herkenroth, Andreas Mauroschat, Ute Zinsmeister, Anna-Katharina Lohbeck, Kim Laura Frank, Susanne Knoch and Maria Held of Ashurst LLP acted as legal advisors for Xerox Corporation. Michael Kuss of Wächter acted as the legal advisor for the seller. Quantum Partners GmbH acted as the financial advisor to Xerox Corporation.

Xerox Corporation (NYSE:XRX) completed the acquisition of Invoco Holding Gmbh for €40 million in cash in week ending January 17, 2014.