Boeing [NYSE: BA] has announced it has entered a definitive agreement to acquire KLX Inc. [NASDAQ: KLXI] to enhance its growing services business, the company said.
The agreement comprises an all-cash transaction for USD 63 per share and the assumption of approximately USD 1.0 billion of net debt, totaling USD 4.25 billion.
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 a major independent provider of aviation parts and services in the aerospace industry. Its capabilities include global parts distribution and supply chain services for aerospace and defense industries worldwide. KLX Inc. will be part of Boeing Global Services and fully integrated with Aviall.
Boeing is largest aerospace company and manufacturer of commercial airplanes and defense, space and security systems. Boeing is also the world provider of combined commercial airlines and government services with customers in more than 150 countries.