Boeing is near deal to buy parts maker KLX, Dow Jones says
Boeing is in talks to acquire KLX, the Wall Street Journal reported, as the planemaker seeks to ramp up a new division providing maintenance, spare parts and other services to airlines. An agreement may come as soon as Monday, though a deal could still be derailed, the Journal said, citing people familiar with the matter. KLX, which surged on the report, is a distributor of spare aircraft parts and oil and gas equipment, and had a market value of US$3.7. A deal would further Boeing’s biggest acquisition spree since its 1997 merger with McDonnell Douglas and boost CE Dennis Muilenburg’s efforts to more than triple sales at its services business to $50b within a decade. Boeing has held preliminary talks with parts-maker Woodward and is deep into talks to form a JV that would give it control of Embraer's commercial jets. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-04-30/general/boeing-is-near-deal-to-buy-parts-maker-klx-dow-jones-says
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Boeing is near deal to buy parts maker KLX, Dow Jones says
Boeing is in talks to acquire KLX, the Wall Street Journal reported, as the planemaker seeks to ramp up a new division providing maintenance, spare parts and other services to airlines. An agreement may come as soon as Monday, though a deal could still be derailed, the Journal said, citing people familiar with the matter. KLX, which surged on the report, is a distributor of spare aircraft parts and oil and gas equipment, and had a market value of US$3.7. A deal would further Boeing’s biggest acquisition spree since its 1997 merger with McDonnell Douglas and boost CE Dennis Muilenburg’s efforts to more than triple sales at its services business to $50b within a decade. Boeing has held preliminary talks with parts-maker Woodward and is deep into talks to form a JV that would give it control of Embraer's commercial jets. <br/>
