Lexmark buys BDGB Enterprise for about $148M

Lexmark International acquires Luxembourg-based BDGB Enterprise for about $148M in cash

Associated Press

LEXINGTON, Ky. (AP) -- Lexmark has acquired Luxembourg's BDGB Enterprise for about $148 million in cash, the printer manufacturer said Monday.

The deal includes BDGB's U.S. subsidiary Brainware Inc., which will become part of Perceptive Software, a stand-alone business unit within Lexmark. Brainware CEO Carl Mergele will remain with the company and report to Perceptive President and CEO Scott Coons.

Lexmark, based in Lexington, Ky., said the addition of Brainware will allow it to offer a broader range of software to its customers.

Brainware's data capture platform pulls information from paper and electronic documents and passes it to other data and financial management systems owned by clients.

The system allows customers to more efficiently process invoices, fulfill orders, balance statements, index documents, process loan applications, and perform other document-intensive tasks, Lexmark said.

Brainware's technology is used by companies involved in health care, manufacturing, financial services, retail, energy and technology. The business has offices in the United States, United Kingdom, Switzerland and Germany, Lexmark said.

In morning trading, shares of Lexmark International Inc. fell 16 cents to $35.79.

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