Rank Xerox
From Free net encyclopedia
Rank Xerox was formed in 1956 as a joint venture between the Xerox Corporation of USA and the Rank Organisation of UK, to manufacture and market Xerox equipment initially in Europe and later in Africa and Asia. A further joint venture between Rank Xerox and Modi Group in India formed Modi Xerox (now Xerox India) to manufacture and sell Xerox equipment in the Indian subcontinent.
The initial joint venture was 51% Xerox and 49% Rank Org, but this changed after a few years to a 60/40 split. Later, Xerox bought a further share making the split 80/20, and in the late 1990s, completed the purchase, so Rank Xerox formally became Xerox.
Rank Xerox was the first winner of the European Quality Award in 1992.
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See also
- The comic character RanXerox, initially named after a Rank Xerox photocopier.