"Rank Xerox Limited was formed in 1956 as a joint venture between the Xerox Corporation of United States (a.k.a. Haloid Photographic) and The Rank Organisation of the United Kingdom, 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 50% Xerox and 50% Rank Organisation, 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 Limited formally became Xerox Limited. The Rank Xerox Research Centre was renamed to the Xerox Research Centre Europe. The laboratory, based in France, was acquired by South Korean IT company Naver Corporation in 2017, and later became Naver Labs Europe." - (en.wikipedia.org 29.11.2023)
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