Aircraft parts and services provider KLX Inc. [KLXI] said last week that is shareholders have approved the company’s acquisition by Boeing [BA], one of several hurdles that must be cleared before the $3.2 billion deal closes.
The deal must still receive regulatory approval and KLX also has to divest its energy services business, which is slated to occur on Sept. 14.
Boeing in May said was acquiring KLX to strengthen its year-old business segment that is focused on providing parts and services for commercial and defense customers. About 92 percent of KLX’ $1.4 billion in sales are to commercial customers.
Boeing plans to integrate KLX with its Aviall business unit. KLX has about 2,000 employees.