Deal Snapshot
BOEING CLOSES USD 4.25BN ACQUISITION OF AEROSPACE PARTS DISTRIBUTOR KLX
Thursday 11 October 2018

US aerospace company Boeing (NYSE: BA) has closed the acquisition of US-based aerospace parts supplier KLX Inc. (NASDAQ: KLXI) to enhance its services business, the company said. The agreement comprises an all-cash transaction for USD 63 per share and the assumption of approximately USD 1bn of net debt, totaling USD 4.25bn.
Boeing's acquisition of KLX Inc. will include KLX Inc.'s Aerospace Solutions Group, and is conditional upon the successful divestment and separation of KLX Inc.'s Energy Services Group. KLX Inc. is an independent provider of aviation parts and services in the aerospace industry.


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Details
Date Published: 11/10/2018
Target: KLX Inc
Country: USA
Deal Size: 4.25bn (USD)
Sector: Aerospace/Defence
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor:
Buyer: Boeing
Comment:


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