Xerox Announces New Partnership with PBS Group in Peru and Ecuador [Yahoo! Finance]
Xerox Holdings Corporation (XRX)
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Source: Yahoo! Finance
Specifically, in Peru and Ecuador, the operations in these countries will transition to Productive Business Solutions Limited (PBS), the company's long-standing partner throughout Central America, South America and the Caribbean. The transaction is expected to close in the second quarter of 2024, once authorization from the Ecuadorian competition authority is obtained. Xerox employees in both countries will shift to PBS once the transaction closes. "In today's business environment, organizations need support from partners who have a deep understanding of regional market dynamics and who can respond with maximum speed and agility," said John Bruno, president and chief operating officer at Xerox. "This indirect model with PBS will best support our clients in region while allowing Xerox to put greater focus on developing and deploying Digital Services capabilities to diversify our channel-ready offerings. We thank our dedicated Xerox employees for their commitment and hard work over th
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