Xerox Acquires Powerland

On February 2, 2022, Xerox Holdings Corporation (NASDAQ: XRX) (“Xerox”) announced its acquisition of Powerland Computers Limited (“Powerland”), one of Canada’s leading IT service providers.

Xerox is a technology leader focused on the intersection of digital and physical, using automation and next-generation personalization to redefine productivity, drive growth and make the world more secure. Xerox has been buying up a variety of companies in the IT services space in the past couple years to strengthen its IT service offerings in North America. Powerland serves customers across Canada and provides IT solutions and services such as cloud, hybrid cloud, cyber security and end-user computing. The company partners with Microsoft, Veeam, Lenovo and Dell, among others, to offer hardware and software solutions for customers.

McMillan acted for Xerox in connection with this cross-border transaction led by Enda Wong and supported by a national and multidisciplinary team comprising Redha Ait, Catherine Burrogano, Michael Friedman, Paul Boshyk and Joshua Chad.

To address our client’s needs and help them stay ahead, the firm’s Mergers and Acquisitions (“M&A”) Group, which provides trusted counsel to merging parties and related stakeholders in M&A activity across various industries, joined forces with our Business Law Group, who advises, among others, on equity and debt offerings. McMillan’s lawyers work on deals of all shapes and sizes and have worked and negotiated with all levels of lenders, on behalf of public and private clients ranging from Fortune 500 companies to fast-growing small and medium-sized enterprises, for transactions originating in Canada, the US and internationally.