ITP Aero
| Company type | Private |
|---|---|
| Industry | Aerospace, Aero engines, Gas turbines |
| Founded | 1989 |
| Founder | SENER and Rolls-Royce Plc (partnership) |
| Headquarters | Zamudio , Spain |
Area served | Worldwide |
| Products | Aero engines, gas turbines, MRO services |
Number of employees | 3500+ |
| Parent | Bain Capital (since 2022) |
| Website | www |
ITP Aero (Industria de Turbo Propulsores) is a Spanish manufacturer specializing in aero engines and gas turbines, established in 1989 as a partnership between the Spanish engineering firm SENER and Rolls-Royce Plc. By the year 2015, it was recognized as the ninth largest producer of aircraft engines and components worldwide by revenue, ranking among the top 100 aerospace enterprises.
The company's scope of activities includes the design, research and development, production, assembly, and testing of aeronautical engines, alongside providing maintenance, repair, and overhaul (MRO) services across regional airlines, business aviation, helicopter operations, industrial applications, and defense sectors. ITP Aero operates manufacturing sites across Spain, the United Kingdom, Mexico, the United States, Malta, and India, employing over 3,500 personnel. Its main headquarters are located in Zamudio, near Bilbao, Spain.
History
ITP Aero was founded in 1989 through a joint venture between the Spanish industrial group SENER and British aero engine manufacturer Rolls-Royce Holdings. The company played a role in establishing EuroJet Turbo GmbH to develop the EJ200 engine for the Eurofighter Typhoon. In 1990, ITP acquired an engine maintenance facility in Ajalvir, Madrid from Construcciones Aeronáuticas SA (CASA), and began manufacturing components at its Zamudio plant in 1991. The first contract with Rolls-Royce was secured in 1992 for work on Trent turbofan engines used on aircraft such as the Airbus A330 and Boeing 767.
International growth commenced in 1998 when ITP took a majority shareholding in Mexican engine specialist Turborreactores. By 2001, the company had established a dedicated Castings division and expanded its presence by opening facilities in the UK, Malta, and the US by 2008.
ITP Aero has partnered with leading engine manufacturers including Rolls-Royce, General Electric, Pratt & Whitney, SNECMA, and Honeywell on both military and civil aero engine projects. The firm focuses on producing gas turbine components and modules while delivering MRO services and other high value-added offerings.
During the 2000s, ITP contributed to manufacturing the Europrop TP400 turboprop engine for the Airbus A400M military transport aircraft. It also engaged in defense initiatives such as EuroJet Turbo GmbH (EJ200) and MTU Turbomeca Rolls-Royce (MTR390).
By the mid-2010s, ITP employed approximately 3,000 people worldwide and served as a significant risk and revenue-sharing partner with Rolls-Royce on the Trent engine series.
On 11 July 2016, Rolls-Royce announced its plan to acquire the remaining 53.1% equity stake in ITP for €720 million to boost aftermarket revenue streams and reinforce its role in defense manufacturing programs like EuroProp TP400. The transaction received final approval from Spanish authorities in December 2017.
In June 2019, Spanish technology corporation Indra Sistemas initiated talks to obtain a minority interest in ITP.
In September 2022, Rolls-Royce divested ITP Aero to American private equity firm Bain Capital along with SAPA Placencia and JB Capital for €1.7 billion.
Civil Aviation
Source: Industria de Turbo Propulsores
Widebody Aircraft Engines
- Rolls-Royce Trent 700
- Rolls-Royce Trent 800
- Rolls-Royce Trent 900
- Rolls-Royce Trent XWB
- Rolls-Royce Trent 1000
- Rolls-Royce Trent 7000
Single-Aisle Aircraft Engines
Business Aviation Engines
Industrial Turbines
Defence Sector
Source: ITP Aero
- Eurojet EJ200 (developed by European consortium Eurojet Turbo GmbH) powering the Eurofighter Typhoon combat aircraft
- Europrop TP400 (produced by European consortium Europrop International) designed for the Airbus A400M Atlas military transport plane
- General Electric CT7-8F5
- General Electric F414
- General Electric J85-5-21
- MTR MTR390-E (manufactured by European consortium MTRI) utilized in the Eurocopter Tiger attack helicopter
External links
- Official website of ITP
- ITP Corporate Video
- Celebrating 25 years of ITP
- Rolls-Royce initiative supporting UltraFan turbine development Flightglobal, 15 July 2015
- ITP awarded contract to manufacture LPT for Trent 7000 Flightglobal, 15 June 2015
- Pratt & Whitney Canada’s PW800 engines chosen for Gulfstream’s new business jet lineup PR Newswire, 14 October 2014