diff --git a/build.gradle b/build.gradle
index e057508375..d62cd61c33 100644
--- a/build.gradle
+++ b/build.gradle
@@ -131,7 +131,7 @@ subprojects {
         batikVersion = '1.17'
         graphics2dVersion = '0.43'
         pdfboxVersion = '2.0.29'
-        saxonVersion = '11.5'
+        saxonVersion = '12.3'
         apiGuardianVersion = '1.1.2'
 
         jdkVersion = (project.properties['jdkVersion'] ?: '8') as int
diff --git a/osgi/README.md b/osgi/README.md
index 14e51e2ed9..58aa228ce6 100644
--- a/osgi/README.md
+++ b/osgi/README.md
@@ -21,7 +21,7 @@ The bundle embeds all the jars from lib/main:
 Required to render WMF/EMF images. The OSGi bundle is provided by ServiceMix and available in Maven Central: https://mvnrepository.com/artifact/org.apache.servicemix.bundles/org.apache.servicemix.bundles.batik/1.14_1
 2. Saxon
 Required if using as the XSLT and XQuery Processor engine in XML Beans.
-Available in Maven Central (but version might be too old): https://mvnrepository.com/artifact/net.sf.saxon/saxon/8.9.0.4-osgi
+Available in Maven Central: https://mvnrepository.com/artifact/net.sf.saxon/Saxon-HE/12.3
 3. Apache XML Security for Java, Bouncy Castle and XML Commons Resolver 
 These are required to sign or validate signed Office documents. The OSGi bundles are available in Maven Central: