Dec 23 (Reuters) - Xerox Holdings ( XRX ) said on Monday

it would buy Lexmark International, the maker of printers and

printing software, in a$1.5 billion deal.

The Lexington, Kentucky-based Lexmark was formed as a

spinoff of IBM in March 1991, according to the company's

website. It caters to customers in more than 170 countries in

markets, including manufacturing, retail and financial services.

In October, Xerox had said it would buy ITsavvy, an

Illinois-based IT products firm, for $400 million, as the office

equipment maker looks to expand its IT services business.