Exhibit 21
Subsidiaries of Xerox Corporation
The following companies are subsidiaries of Xerox Corporation as of December 31, 2005. Unless otherwise noted, a subsidiary is a company in which Xerox Corporation or a subsidiary of Xerox Corporation holds 50% or more of the voting stock. The names of other subsidiaries have been omitted as they would not, if considered in the aggregate as a single subsidiary, constitute a significant subsidiary:
| Name of Subsidiary |
Incorporated In | |
| AMTX, Inc. |
Delaware | |
| Carmel Valley, Inc. |
Delaware | |
| dpiX |
Delaware | |
| FairCopy Services Inc. |
Canada | |
| GroupFire, Inc. |
California | |
| Gyricon, LLC |
Delaware | |
| IGHI, Inc. |
Delaware | |
| Xerox Global Services Limited |
United Kingdom | |
| Delphax Systems GmbH |
Germany | |
| Ighi Finland Oy |
Finland | |
| Infotonics Technology Center Inc. |
New York | |
| Institute for Research on Learning |
Delaware | |
| Jeremiad Co. |
Delaware | |
| Low-Complexity Manufacturing Group, Inc. |
Delaware | |
| NEWPARC LLC |
Delaware | |
| Pacific Services and Development Corporation |
Delaware | |
| Palo Alto Research Center Incorporated |
Delaware | |
| Proyectos Inverdoco, C.A. |
Venezuela | |
| Securities Information Center, Inc. |
Delaware | |
| SCC Burton Corporation |
Delaware | |
| 79861 Ontario Inc. |
Ontario | |
| STHQ Realty LLC |
Delaware | |
| The Xerox Foundation |
Delaware | |
| XDI, Inc. |
Delaware | |
| Xerox Argentina, I.C.S.A. |
Argentina (1) | |
| Xerox Canada Capital Ltd. |
Canada | |
| Xerox Canada Inc. |
Ontario | |
| 832667 Ontario Inc. |
Ontario | |
| Xerox (Barbados) SRL |
Barbados (14) | |
| Xerox (Barbados) Leasing SRL |
Barbados | |
| Xerox Business Centre (Ireland) Limited |
Ireland | |
| Xerox Electronic (Ireland) Limited |
Ireland | |
| Xerox Finance (Luxembourg) Sarl |
Luxembourg | |
| Xerox Hardware (Ireland) Limited |
Ireland | |
| Xerox Toner (Ireland) Limited |
Ireland | |
| Xerox Canada Facilities Management Ltd. |
Ontario | |
| Xerox Canada Finance Inc. |
Ontario | |
| Xerox Canada Leasing Partnership |
Ontario (16) | |
| Xerox Canada Ltd. |
Canada (4) | |
| Ionographic Operations Partnership |
Massachusetts (18) | |
| XESystems Canada Inc. |
Ontario | |
| Xerox Canada Leasing Company |
Nova Scotia | |
| Xerox Canada Realty Inc. |
Ontario (3) | |
| Xerox Capital, LLC |
Turks & Caicos Islands (9) | |
| Xerox Capital Services LLC |
Delaware (17) | |
| Xerox Capital Trust I |
Delaware (11) |
| Name of Subsidiary |
Incorporated In | |
| Xerox de Chile S.A. |
Chile | |
| Xerox de Colombia S.A. |
Colombia | |
| Xerox Color Printing, Inc. |
Delaware | |
| Xerox Developing Markets Limited |
Bermuda | |
| Sidh Securities Limited |
Mauritius | |
| Xerox del Ecuador, S.A. |
Ecuador | |
| Xerox Engineering Systems NV |
Belgium | |
| Xerox Export, LLC |
Delaware | |
| Xerox Finance, Inc. |
Delaware | |
| Xerox (Austria) Holdings GmbH |
Austria | |
| Xerox Investments Holding (Bermuda) Limited |
Bermuda | |
| Xerox Financial Services, Inc. |
Delaware | |
| Ridge Reinsurance Limited |
Bermuda | |
| Talegen Holdings, Inc. |
Delaware | |
| Xerox Credit Corporation |
Delaware | |
| Xerox Foreign Sales Corporation |
Barbados | |
| Xerox d’Haiti, S.A. |
Haiti | |
| Xerox de Honduras, S.A. |
Honduras | |
| Xerox Imaging Systems, Inc. |
Delaware | |
| Xerox International Joint Marketing, Inc. |
Delaware | |
| Xerox International Partners |
California (10) | |
| Xerox Investments Europe B.V. |
Netherlands | |
| Xerox Holdings (Ireland) Limited |
Ireland | |
| Xerox (Europe) Limited |
Ireland | |
| Bipolar Limited |
Ireland | |
| Monocolour Limited |
Ireland | |
| Xerox Ink Jet (Ireland) Limited |
Ireland | |
| Xerox Ink Tanks (Ireland) Limited |
Ireland | |
| Xerox XF Holdings (Ireland) Limited |
Ireland | |
| Xerox Finance (Ireland) Limited |
United Kingdom | |
| Xerox Leasing Ireland Limited |
Jersey | |
| Xerox S.A.S. |
France (22) | |
| Xerobail SAS |
France | |
| Xerox Financial Services SAS |
France | |
| Xerox Document Services SNC |
France (25) | |
| Set Electronique SA |
France | |
| Set Belgium (EPC) |
Belgium | |
| Set Engineering SA |
France | |
| Set Italia |
Italy | |
| Set R&D Belgium (EES) |
Belgium | |
| Xerox Global Services SAS |
France (23) | |
| Xerox Document Supplies SNC |
France (24) | |
| Xerox Israel Ltd. |
Israel | |
| Xerox UK Holdings Limited |
United Kingdom | |
| Triton Business Finance Limited |
United Kingdom | |
| Xerox Engineering Systems Limited |
United Kingdom | |
| Xerox Research (UK) Limited |
United Kingdom | |
| Xerox Trading Enterprises Limited |
United Kingdom | |
| Xerox Overseas Holdings Limited |
United Kingdom | |
| Xerox Business Equipment Limited |
United Kingdom | |
| Xerox Computer Services Limited |
United Kingdom | |
| Xerox Mailing Systems Limited |
United Kingdom | |
| Xerox Capital (Europe) plc |
United Kingdom (12) |
2
| Name of Subsidiary |
Incorporated In | |
| Xerox Holding (Nederland) B.V. |
Netherlands | |
| Xerox Manufacturing (Nederland) B.V. |
Netherlands | |
| Xerox Office Printing Distribution B.V. |
Netherlands | |
| Xerox Limited |
United Kingdom (6) | |
| City Paper Limited |
United Kingdom | |
| Continua Limited |
United Kingdom | |
| Continua S.A. |
France | |
| Continua Sanctum Limited |
United Kingdom | |
| NV Xerox Credit S.A. |
Belgium | |
| Xerox Financial Services Belux NV |
Belgium | |
| NV Xerox Management Services S.A. |
Belgium | |
| N.V. Xerox S.A. |
Belgium | |
| Xerox Luxembourg S.A. |
Luxembourg (28) | |
| The Xerox (UK) Trust |
United Kingdom | |
| Xerox AB |
Sweden | |
| Xerox AG |
Switzerland | |
| Xerox Office Supplies AG |
Switzerland | |
| Xerox A/S |
Denmark | |
| Xerox AS |
Norway | |
| Xerox Austria GmbH |
Austria | |
| Xerox Business Services GmbH |
Austria | |
| Xerox Leasing GmbH |
Austria | |
| Xerox Office Supplies GmbH |
Austria | |
| Xerox Bulgaria EOOD |
Bulgaria | |
| Xerox Buro Araciari Ticaret ve Servis A.S. |
Turkey | |
| Xerox Channels Limited |
United Kingdom | |
| Limited Liability Company Xerox (C.I.S.) |
Russia | |
| XEROX CZECH Republic s r.o. |
Czech Republic | |
| Xerox Direct Rhein-Main GmbH |
Germany | |
| Xerox Espana-The Document Company, S.A.U. |
Spain | |
| Xerox Financiacion S.A.U. |
Spain | |
| Xerox Renting S.A.U. |
Spain | |
| Xerox Office Supplies S.A.U. |
Spain | |
| Xerox Exports Limited |
United Kingdom | |
| Xerox Finance AG |
Switzerland | |
| Xerox Finance (Nederland) BV |
Netherlands | |
| Xerox Financial Services B.V. |
Netherlands (20) | |
| Xerox GmbH |
Germany | |
| Xerox Capital Services Verwaltungs GmbH |
Germany | |
| Xerox Capital Services GmbH & Co. KG |
Germany (19) | |
| Xerox Dienstleistungsgesellschaft GmbH |
Germany | |
| Xerox Leasing Deutschland GmbH |
Germany | |
| Xerox Reprographische Services GmbH |
Germany | |
| Xerox Hellas AEE |
Greece | |
| Xerox Hungary Trading Limited |
Hungary | |
| Xerox (Ireland) Limited |
Ireland | |
| Xerox India Limited |
India (8) | |
| Xerox (Nederland) BV |
Netherlands | |
| “Veco” Beheer Onroerend Goed BV |
Netherlands | |
| Xerox Document Supplies BV |
Netherlands | |
| Xerox Rentalease BV |
Netherlands | |
| Xerox Services BV |
Netherlands | |
| Xerox Oy |
Finland |
3
| Name of Subsidiary |
Incorporated In | |
| Xerox Pensions Limited |
United Kingdom | |
| Xerox Polska Sp.zo.o |
Poland | |
| Xerox Portugal Equipamentos de Escritorio, Limitada |
Portugal (21) | |
| CREDITEX—Aluguer de Equipamentos S.A. |
Portugal | |
| Xerox Professional Services Limited |
United Kingdom | |
| Xerox Property Services Limited |
United Kingdom | |
| Xerox (Romania) Echipmante Si Servici S.A. |
Romania | |
| Xerox Slovenia d.o.o. |
Slovenia | |
| Xerox S.p.A. |
Italy | |
| Xerox Italia Rental Services s.r.l. |
Italy | |
| Xerox Sverige AB |
Sweeden | |
| Xerox Telebusiness GmbH |
Germany | |
| Xerox (UK) Limited |
United Kingdom | |
| Bessemer Trust Limited |
United Kingdom | |
| Inserco Manufacturing Limited |
United Kingdom | |
| Xerox Finance Limited |
United Kingdom | |
| Xerox Office Supplies Limited |
United Kingdom | |
| Xerox (R & S) Limited |
United Kingdom | |
| Xerox (Ukraine) Ltd LLC |
Ukraine | |
| Xerox West Africa Limited |
United Kingdom | |
| XESystems UK Limited |
United Kingdom | |
| Xerox Engineering Systems Limited |
United Kingdom | |
| Xexco Trading Limited |
United Kingdom | |
| Xerox XHB Limited |
Bermuda (6) | |
| Xerox XIB Limited |
Bermuda (6) | |
| XRO Limited |
United Kingdom | |
| Nemo (AKS) Limited |
United Kingdom | |
| XRI Limited |
United Kingdom | |
| RRXH Limited |
United Kingdom | |
| RRXO Limited |
United Kingdom | |
| RRXIL Limited |
United Kingdom (6) | |
| Xerox Latinamerican Holdings, Inc. |
Delaware | |
| Xerox Lease Funding LLC |
Delaware | |
| Xerox Lease Equipment LLC |
Delaware | |
| Xerox Mexicana, S.A. de C.V. |
Mexico (29) | |
| Xerox Middle East Investments (Bermuda) Limited |
Bermuda | |
| Bessemer Insurance Limited |
Bermuda | |
| Reprographics Egypt Limited |
Egypt | |
| Xerox Egypt S.A.E. |
Egypt | |
| Xerox Finance Leasing S.A.E. |
Egypt | |
| Xerox Equipment Limited |
Bermuda | |
| Xerox Maroc S.A. |
Morocco (2) | |
| Xerox Products Limited |
Bermuda | |
| Xerox de Nicaragua, S.A. |
Nicaragua | |
| Xerox Participacoes Ltda. |
Brazil | |
| Xerox Comercio e Industria Ltda |
Brazil | |
| Xerox del Peru, S.A. |
Peru | |
| Xerox Realty Corporation |
Delaware | |
| Lansdowne Residential LLC |
Virginia | |
| Xerox Trade Receivables LLC |
Delaware | |
| Xerox Trinidad Limited |
Trinidad | |
| Xerox de Venezuela, C.A. |
Venezuela (5) | |
| Xerox XBS Warehouse Holding LLC |
Delaware |
4
| Name of Subsidiary |
Incorporated In | |
| Xerox XBS Warehouse Funding LLC |
Delaware | |
| Xerox XBS Warehouse Funding II LLC |
Delaware | |
| XESystems Foreign Sales Corporation |
Barbados | |
| XGUA Servicios, Ltda. |
Guatemala |
| (1) | Xerox Corporation owns 90% of the shares of Xerox Argentina; the remaining 10% is owned by Pacific Services and Development Corporation, a wholly-owned subsidiary of Xerox Corporation. |
| (2) | Owned 99.9% by XMEIBL and .1% by several individuals. |
| (3) | 1,000 shares held by Xerox Canada Inc. and 9,000 shares held by Xerox Corporation. |
| (4) | Owned 65% by Xerox Canada Inc. and 35% by Xerox Canada Finance Inc. |
| (5) | Owned 86.25% by Xerox Corporation, and 13.25% by Pacific Services and Development Corporation. |
| (6) | Includes indirect holdings. |
| (7) | [Reserved] |
| (8) | Owned 45.579% by Xerox Limited, 38.871% by Sidh Securities Limited (Mauritius) (a subsidiary of Xerox Developing Markets Limited) and 4.421% through Xerox’s wholly-owned subsidiary, Xerox Developing Markets Limited. The total ownership by Xerox Corporation is 88.871%. |
| (9) | Owned 99.9% by Xerox Corporation and .1% by Pacific Services and Development Corporation, a wholly-owned subsidiary of Xerox Corporation. |
| (10) | Xerox International Partners is a California general partnership between FX Global, Inc. (49%) and Xerox International Joint Marketing, Inc. (51%). |
| (11) | Xerox Capital Trust I is a Delaware statutory business trust which is 100% beneficially owned by Xerox Corporation. The Trust is a special purpose financing vehicle. |
| (12) | Owned 99% by Xerox Overseas Holdings Limited and 1% by Xerox Property Services Limited as nominee for Xerox Overseas Holdings Limited. |
| (13) | [Reserved] |
| (14) | Owned 88.27% by Xerox Canada Inc. and 11.73% by Xerox Corporation. |
| (15) | This a not-for-profit corporation which will act as a research and development consortium of businesses and universities. The initial members are Xerox, Corning, Kodak, University of Rochester, RIT and Cornell. |
| (16) | Xerox Canada Leasing Partnership is an Ontario general partnership between Xerox Canada Inc. (99%) and Xerox Canada Finance Inc. (1%). |
| (17) | Owned 19% by Xerox Corporation and 81% by GE Capital Information Technology Solutions, Inc. [Included in Xerox Corporation’s consolidated financial statements.] |
| (18) | Owned 66.995% by Xerox Canada Ltd. and 33.005% by Xerox Canada Inc. |
| (19) | Owned by Xerox GmbH and Xerox Capital Services Verwaltungs GmbH. |
| (20) | Xerox Financial Services B.V. is a joint venture between De Lage Landen International B.V. (51%) and Xerox Limited (49%), established on 12/14/01 for the purpose of offering financing for the business of Xerox (Nederland) B.V. [Included in Xerox Corporation’s consolidated financial statements.]. |
| (21) | Owned 76% by Xerox Limited and 24% by Xerox Property Services Limited. |
| (22) | Owned 89.77% by Xerox XF Holdings (Ireland) Limited and 10.23% by Xerox Limited. |
| (23) | Owned 99.96% by Xerox Document Services SNC and 0.4% by Xerobail SAS. |
| (24) | Owned 99.99% by XEROX S.A.S. and .01% by Xerobail SAS. |
| (25) | Owned 99.96% by XEROX S.A.S. and .04% by Xerobail SAS. |
| (26) | [Reserved] |
| (27) | [Reserved] |
| (28) | Owned 99% by NV Xerox SA and 1% by NV Xerox Credit SA. |
| (29) | Owned 99.99% by Xerox Corporation and .01% by Pacific Services and Development Corporation. |
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