# Boeing acquisition of KLX progresses with shareholder approval

KLX Inc. shareholders approved the company's acquisition by Boeing for $3.2 billion. The deal still requires regulatory approval and the divestiture of KLX's energy services business.

- Type: Acquisition
- Announced: 2018-08-27
- Where: Miami, United States
- Value: $3.20B
- Jobs: 2,000
- Status: announced
- Products: aerospace fasteners and parts
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Boeing](https://endata.com/companies/685.md) (acquirer)
- [Boeing](https://endata.com/companies/685.md) (partner)
- [Safran](https://endata.com/companies/1270.md) (partner)
- [KLX Inc.](https://endata.com/companies/29612.md) (target)

## Sources

- [defensedaily.com](https://www.defensedaily.com/boeing-acquisition-klx-progresses/business-financial/), 2018-08-27: "KLX Inc. said last week that is shareholders have approved the company's acquisition by Boeing, one of several hurdles that must be cleared before the $3.2 billion deal closes."
- [centreforaviation.com](https://centreforaviation.com/news/european-commission-clears-creation-of-boeing-safran-jv-845089), 2018-09-30: "The joint venture will manufacture auxiliary power units (APUs) that provide electrical power to the aircraft while the engines are shut down."
- [flightglobal.com](https://www.flightglobal.com/airframers/2018/10/boeing-closes-acquisition-of-parts-company-klx/), 2018-10-09: "Boeing has acquired aircraft parts and services provider KLX Inc, a move that furthers Boeing’s goal of significantly boosting its aftermarket presence."

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