Xerox Announces Sale of Argentina and Chile Direct Business to Grupo Datco

Core Insights - Xerox Holdings Corporation has announced a transformation of its operating model in Argentina and Chile by selling its operations in these regions to Grupo Datco, a technology and fiber optic network services provider in Latin America [1][2] - This transition is part of Xerox's ongoing Reinvention strategy, aimed at enhancing client support and accelerating growth through partnerships [1] - Grupo Datco will operate as an independent entity, servicing Xerox devices in Argentina and Chile and becoming the exclusive partner for Xerox in these markets [1][2] Company Strategy - The sale aligns with Xerox's commitment to helping clients achieve their goals and enhancing productivity through a partner-led model [1] - John Bruno, president and COO of Xerox, emphasized the importance of partnerships in driving growth and success for clients [1] - Grupo Datco's CEO highlighted the potential for new growth opportunities and a long-term business plan focused on preserving the workforce and leveraging synergies [2] Market Position - Grupo Datco has a successful track record with acquired companies and aims to increase market share for Xerox's products and services in Argentina and Chile [2] - Xerox has a well-established partner-led business model and will maintain its brand presence in the region through its network of partners [1]