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 '90s, 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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