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| image = ITP Aero Zamudio.jpg |
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| type = [[Wholly owned subsidiary]] of [[Rolls-Royce Holdings]] |
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| industry = [[Aeronautics]] |
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| num_employees = 3,000<ref name = "amermach2017"/> |
| num_employees = 3,000<ref name = "amermach2017"/> |
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| website = {{URL|www.itpaero.com/en/}} |
| website = {{URL|www.itpaero.com/en/}} |
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'''ITP Aero''' ('''Industria de Turbo Propulsores''') is a Spanish aero engine and [[gas turbine]] manufacturer. |
'''ITP Aero''' ('''Industria de Turbo Propulsores''') is a Spanish aero engine and [[gas turbine]] manufacturer. |
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It was established in 1989 as a [[joint venture]] between [[Spain|Spanish]] engineering conglomerate [[SENER]] and Rolls-Royce Plc. By 2015, it had grown to become as the ninth largest [[aircraft engine]] and components manufacturing company in the world in terms of revenue; the firm is also ranked among the top one hundred companies in the aerospace industry.<ref name = "ads2017 takeover"/> |
It was established in 1989 as a [[joint venture]] between [[Spain|Spanish]] engineering conglomerate [[SENER]] and Rolls-Royce Plc. By 2015, it had grown to become as the ninth largest [[aircraft engine]] and components manufacturing company in the world in terms of revenue; the firm is also ranked among the top one hundred companies in the aerospace industry.<ref name = "ads2017 takeover"/> |
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==History== |
==History== |
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Industria de Turbo Propulsores SA (ITP) was established in 1989. It was originally structured as a [[joint venture]] between [[Spain|Spanish]] engineering conglomerate [[SENER]] and [[United Kingdom|British]] aero engine manufacturer [[Rolls-Royce Holdings]].<ref name = "ads2017 takeover"/> Its formation was closely associated with the creation of [[EuroJet Turbo GmbH]], a multinational engine consortium to develop and produce the [[Eurojet EJ200|EJ200]] [[turbojet]] engine to power the [[Eurofighter Typhoon]].<ref name = "official history">{{cite web |url = https://www.itpaero.com/en/about-itp-aero/history/ |title = History |publisher = Industria de Turbo Propulsores |accessdate = 3 April 2020}}</ref> |
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In 1990, ITP acquired an engine maintenance plant located in [[Ajalvir]], [[Madrid]], from Spanish aircraft manufacturer [[CASA (aircraft manufacturer)|Construcciones Aeronáuticas SA]] (CASA).<ref name = "official history"/> During the following year, it launched engine component manufacturing activity at its plant in [[Zamudio]], [[Bizkaia]]. In 1992, the company secured its first contract with Rolls-Royce, performing work on the [[Rolls-Royce Trent]] [[turbofan]] engine for civilian [[airliner]]s such as the [[Airbus A330]] and the [[Boeing 767]].<ref name = "official history"/> |
In 1990, ITP acquired an engine maintenance plant located in [[Ajalvir]], [[Madrid]], from Spanish aircraft manufacturer [[CASA (aircraft manufacturer)|Construcciones Aeronáuticas SA]] (CASA).<ref name = "official history"/> During the following year, it launched engine component manufacturing activity at its plant in [[Zamudio]], [[Bizkaia]]. In 1992, the company secured its first contract with Rolls-Royce, performing work on the [[Rolls-Royce Trent]] [[turbofan]] engine for civilian [[airliner]]s such as the [[Airbus A330]] and the [[Boeing 767]].<ref name = "official history"/> |
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On 11 July 2016, Rolls-Royce Holdings announced that it was in the process of purchasing the outstanding 53.1% shareholding in the IPT joint venture in exchange for €720m.<ref name = "ft 2016"/> The deal was promoted as increasing Rolls-Royce's long-term aftermarket revenues, along with its stake in various defense-related manufacturing and services programmes, such as the [[Europrop TP400|EuroProp]] consortium that produce the [[Europrop TP400|TP400]] engine.<ref name = "ft 2016"/> During December 2017, final approval from Spanish authorities was received for the takeover.<ref name = "ads2017 takeover">{{cite web |url = https://www.adsadvance.co.uk/rolls-royce-obtains-final-approval-for-acquisition-of-itp.html |title = Rolls-Royce obtains final approval for acquisition of ITP |publisher = adsadvance.co.uk |date = 8 December 2017}}</ref><ref name = "amermach2017">{{cite web |url = https://www.americanmachinist.com/news/article/21902609/rolls-to-complete-itp-acquisition-for-8475m |title = Rolls to Complete ITP Acquisition for $847.5M |publisher = americanmachinist.com |date = 11 December 2017}}</ref> |
On 11 July 2016, Rolls-Royce Holdings announced that it was in the process of purchasing the outstanding 53.1% shareholding in the IPT joint venture in exchange for €720m.<ref name = "ft 2016"/> The deal was promoted as increasing Rolls-Royce's long-term aftermarket revenues, along with its stake in various defense-related manufacturing and services programmes, such as the [[Europrop TP400|EuroProp]] consortium that produce the [[Europrop TP400|TP400]] engine.<ref name = "ft 2016"/> During December 2017, final approval from Spanish authorities was received for the takeover.<ref name = "ads2017 takeover">{{cite web |url = https://www.adsadvance.co.uk/rolls-royce-obtains-final-approval-for-acquisition-of-itp.html |title = Rolls-Royce obtains final approval for acquisition of ITP |publisher = adsadvance.co.uk |date = 8 December 2017}}</ref><ref name = "amermach2017">{{cite web |url = https://www.americanmachinist.com/news/article/21902609/rolls-to-complete-itp-acquisition-for-8475m |title = Rolls to Complete ITP Acquisition for $847.5M |publisher = americanmachinist.com |date = 11 December 2017}}</ref> |
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During June 2019, it was reported that Spanish technology group [[Indra Sistemas]] was engaging in discussions to purchase a minority stake in the company.<ref>{{cite web |url = https://www.janes.com/article/89494/indra-president-says-itp-aero-acquisition-would-transform-group |title = Indra president says ITP Aero acquisition would transform group |publisher = Janes |date = 25 June 2019}}</ref> |
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During October 2019, there was some political tensions over a decision by ITP Engines UK to refuse to issue a [[Sales quote|quote]] or trial version of its ''ESATAN-TMS'' [[CAD]] software to a researcher from [[Istanbul Technical University]]; this refusal was stated by the company to be in-line with recent [[Economic sanctions|sanctions]] that had been enacted upon [[Turkey]] by the UK government.<ref>{{cite web |title=Neden mi yerli yazılım? Neden mi yerli teknoloji? |url = https://twitter.com/NanoProblemO/status/1191801953073938437 |publisher = [[Twitter]]}}</ref> |
During October 2019, there was some political tensions over a decision by ITP Engines UK to refuse to issue a [[Sales quote|quote]] or trial version of its ''ESATAN-TMS'' [[CAD]] software to a researcher from [[Istanbul Technical University]]; this refusal was stated by the company to be in-line with recent [[Economic sanctions|sanctions]] that had been enacted upon [[Turkey]] by the UK government.<ref>{{cite web |title=Neden mi yerli yazılım? Neden mi yerli teknoloji? |url = https://twitter.com/NanoProblemO/status/1191801953073938437 |publisher = [[Twitter]]}}</ref> |
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In September 2022, Rolls-Royce sold ITP Aero to American private equity firm [[Bain Capital]], [[SAPA Placencia]] and [[JB Capital]] for 1700 million euros. |
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<ref name="Rolls-Royce">{{cite web|url=https://www.infodefensa.com/texto-diario/mostrar/3211278/bain-capital-sapa-jb-capital-compran-itp-aero-1700-millones-euros|title=Bain Capital, Sapa y JB Capital compran ITP Aero por 1.700 millones de euros|date=15 September 2022|work=Rolls-Royce.com|publisher=Infodefensa|access-date=2 December 2022}}</ref> |
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== Major programmes == |
== Major programmes == |
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==== Engines for widebody aircraft ==== |
==== Engines for widebody aircraft ==== |
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* [[Rolls-Royce |
* [[Rolls-Royce Trent 700]] |
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* [[Rolls-Royce |
* [[Rolls-Royce Trent 800]] |
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* [[Rolls-Royce |
* [[Rolls-Royce Trent 900]] |
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* [[Rolls-Royce |
* [[Rolls-Royce Trent XWB]] |
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* [[Rolls-Royce |
* [[Rolls-Royce Trent 1000]] |
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* [[Rolls-Royce |
* [[Rolls-Royce Trent 7000]] |
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==== Engines for single aisle aircraft ==== |
==== Engines for single aisle aircraft ==== |
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* [[Pratt & Whitney |
* [[Pratt & Whitney PW1000G]] |
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==== Engines for business aviation ==== |
==== Engines for business aviation ==== |
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* [[Pratt & Whitney Canada PW800 |
* [[Pratt & Whitney Canada PW800]] |
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* [[Honeywell |
* [[Honeywell HTF7000]] |
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* [[Honeywell TFE731 |
* [[Honeywell TFE731]] |
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* [[CFE |
* [[CFE CFE738]] |
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==== Industrial turbines ==== |
==== Industrial turbines ==== |
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* [[LMS100]] |
* [[General Electric LMS100]] |
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* [[LM2500]] |
* [[General Electric LM2500]] |
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=== Defence === |
=== Defence === |
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Source: |
Source: ITP Aero<ref>{{Cite web |title = Main Defence Programmes |url = http://www.itpaero.com/Sec_PL/wf_paginaPlana.aspx?IdMenu=361&Idioma=en-GB&idReg=164 |publisher = Industria de Turbo Propulsores}}</ref> |
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* [[Eurojet |
* [[Eurojet EJ200]] (European consortium [[Eurojet Turbo GmbH]]) for [[Eurofighter Typhoon]] fighter aircraft. |
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* [[ |
* [[Europrop TP400]] (European consortium [[Europrop International]]) for [[Airbus A400M Atlas]] transport aircraft. |
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⚫ | |||
⚫ |
* [[MTR MTR390 |
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* [[General Electric |
* [[General Electric F414]] |
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* [[General Electric J85 |
* [[General Electric J85]]-5-21 |
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⚫ | * [[MTR MTR390]]-E (European consortium MTRI) for [[Eurocopter Tiger]] attack helicopter. |
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⚫ | |||
==References== |
==References== |
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* [http://www.prnewswire.com/news-releases/pratt--whitney-canadas-next-generation-purepower-pw800-engines-selected-to-power-gulfstreams-new-business-jet-family-279166591.html Pratt & Whitney Canada's Next-Generation PurePower® PW800 Engines Selected To Power Gulfstream's New Business Jet Family] PR Newswire 14 OCTOBER, 2014. |
* [http://www.prnewswire.com/news-releases/pratt--whitney-canadas-next-generation-purepower-pw800-engines-selected-to-power-gulfstreams-new-business-jet-family-279166591.html Pratt & Whitney Canada's Next-Generation PurePower® PW800 Engines Selected To Power Gulfstream's New Business Jet Family] PR Newswire 14 OCTOBER, 2014. |
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{{Rolls-Royce Plc}} |
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{{Authority control}} |
{{Authority control}} |
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[[Category:Aircraft engine manufacturers of Spain]] |
[[Category:Aircraft engine manufacturers of Spain]] |
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[[Category:Gas turbine manufacturers]] |
[[Category:Gas turbine manufacturers]] |
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[[Category:Bain Capital companies]] |
![]() | |
Industry | Aeronautics |
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Founded | 1989; 35 years ago (1989) |
Headquarters |
,
Spain
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Key people | Carlos Alzola (CEO), Josep Pique (Chairperson) |
Products | Aircraft engines |
Number of employees | 3,000[2] |
Website | www |
ITP Aero (Industria de Turbo Propulsores) is a Spanish aero engine and gas turbine manufacturer.
It was established in 1989 as a joint venture between Spanish engineering conglomerate SENER and Rolls-Royce Plc. By 2015, it had grown to become as the ninth largest aircraft engine and components manufacturing company in the world in terms of revenue; the firm is also ranked among the top one hundred companies in the aerospace industry.[3]
ITP Aero includes among its activities the design, research and development, manufacturing and casting, assembly and testing of aeronautical engines. It also provides MRO services for a wide range of engines for regional airlines, business aviation, helicopters, industrial and defence applications. The company has a global network of production facilities in Spain, United Kingdom, Mexico, United States, Malta and India with over 3,500 employees. ITP Aero's headquarters are located in Zamudio, close to the city of Bilbao in Spain.
Industria de Turbo Propulsores SA (ITP) was established in 1989. It was originally structured as a joint venture between Spanish engineering conglomerate SENER and British aero engine manufacturer Rolls-Royce Holdings.[3] Its formation was closely associated with the creation of EuroJet Turbo GmbH, a multinational engine consortium to develop and produce the EJ200 turbojet engine to power the Eurofighter Typhoon.[4]
In 1990, ITP acquired an engine maintenance plant located in Ajalvir, Madrid, from Spanish aircraft manufacturer Construcciones Aeronáuticas SA (CASA).[4] During the following year, it launched engine component manufacturing activity at its plant in Zamudio, Bizkaia. In 1992, the company secured its first contract with Rolls-Royce, performing work on the Rolls-Royce Trent turbofan engine for civilian airliners such as the Airbus A330 and the Boeing 767.[4]
During 1998, ITP began developing an international presence via its acquisition of a majority stake in Mexican engine specialist Turborreactores.[5][4] In 2001, it created a new business unit dedicated to the Castings sector. By 2008, ITP had opened new overseas facilities in the United Kingdom, Malta and the United States.[4]
Over time, ITP has participated in various international aero engine programmes in both the military and civil sectors.[3] Accordingly, it has collaborated with companies such as Rolls-Royce, General Electric, Pratt & Whitney, SNECMA and Honeywell on such endeavours.[6] The company has specialised in the manufacture and development of gas turbine components and modules. It also offers in-house support services, such as maintenance, repair and overhaul (MRO) activities and high value-added services on behalf of other engine manufacturers.[6]
During the 2000s, ITP became involved in the production of the Europrop TP400, the largest turboprop engine developed in Europe, to power the Airbus A400M Atlas, a military transport plane.[7] By this time, the firm was also engaged in multiple such collaborative defense aero engine programmes, such as EuroJet Turbo GmbH for the EJ200, and MTU Turbomeca Rolls-Royce for the MTR390.[6]
By the mid-2010s, ITP had become the ninth largest aero engine and components manufacturing company in the world in terms of revenue, employing roughly 3,000 people around the globe. It has been closely involved with Rolls-Royce on the latter's Trent engine family, having acted as a key risk and revenue sharing partner on the programme in addition to applying various turbine-related technologies.[8]
On 11 July 2016, Rolls-Royce Holdings announced that it was in the process of purchasing the outstanding 53.1% shareholding in the IPT joint venture in exchange for €720m.[8] The deal was promoted as increasing Rolls-Royce's long-term aftermarket revenues, along with its stake in various defense-related manufacturing and services programmes, such as the EuroProp consortium that produce the TP400 engine.[8] During December 2017, final approval from Spanish authorities was received for the takeover.[3][2]
During June 2019, it was reported that Spanish technology group Indra Sistemas was engaging in discussions to purchase a minority stake in the company.[9]
During October 2019, there was some political tensions over a decision by ITP Engines UK to refuse to issue a quote or trial version of its ESATAN-TMS CAD software to a researcher from Istanbul Technical University; this refusal was stated by the company to be in-line with recent sanctions that had been enacted upon Turkey by the UK government.[10]
In September 2022, Rolls-Royce sold ITP Aero to American private equity firm Bain Capital, SAPA Placencia and JB Capital for 1700 million euros. [11]
Source: Industria de Turbo Propulsores[12]
Source: ITP Aero[13]