# Boeing and Safran to form joint venture for auxiliary power units

Boeing and Safran announced a partnership to establish a 50/50 joint venture to produce auxiliary power units (APUs) for aircraft. The deal is expected to close in the second half of 2018, subject to regulatory approvals.

- Type: Partnership
- Announced: 2018-06-04
- Where: United States
- Status: announced
- Products: auxiliary power units
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Boeing](https://endata.com/companies/685.md) (investor)
- [Boeing](https://endata.com/companies/685.md) (partner)
- [Safran](https://endata.com/companies/1270.md) (investor)
- [Safran](https://endata.com/companies/1270.md) (partner)
- [JV LLC](https://endata.com/companies/32540.md) (target)

## Sources

- [xinhuanet.com](http://www.xinhuanet.com/english/2018-06/05/c_137230230.htm), 2018-06-05: "This strategic partnership will leverage Boeing's deep customer and airplane knowledge along with Safran's experience in designing and producing complex propulsion assemblies."
- [publications.europa.eu](http://publications.europa.eu/resource/cellar/a6d1174e-6eca-11e8-9483-01aa75ed71a1.0006.03/DOC_1), 2018-06-13: "Boeing and Safran acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of newly created joint-venture (JV LLC)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.