Industria de Turbo Propulsores
|Wholly owned subsidiary of Rolls-Royce Holdings|
|Carlos Alzola (CEO), Josep Pique (Chairperson)|
Number of employees
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.
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.
During 1989, Industria de Turbo Propulsores SA (ITP) was established. It was originally structured as a joint venture between Spanish engineering conglomerate SENER and British aero engine manufacturer Rolls-Royce Holdings. 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.
In 1990, ITP acquired an engine maintenance plant located in Ajalvir, Madrid, from Spanish aircraft manufacturer Construcciones Aeronáuticas SA (CASA). 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.
During 1998, ITP began developing an international presence via its acquisition of a majority stake in Mexican engine specialist Turborreactores. 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.
Over time, ITP has participated in various international aero engine programmes in both the military and civil sectors. Accordingly, it has collaborated with companies such as Rolls-Royce, General Electric, Pratt & Whitney, SNECMA and Honeywell on such endeavours. 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.
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. 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.
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.
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. 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. During December 2017, final approval from Spanish authorities was received for the takeover.
Presently, ITP Aero is a wholly owned subsidiary of Rolls-Royce. During June 2019, it was reported that Spanish technology group Indra Sistemas was engaging in discussions to purchase a minority stake in the company.
During October 2019, there was some political tensions over a decision by ITP Engines UK to refuse to issue a quote[disambiguation needed] 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.
Source: Industria de Turbo Propulsores
Engines for widebody aircraft
Engines for single aisle aircraft
Engines for business aviation
Source: Industria de Turbo Propulsores
- EJ200 (European consortium Eurojet Turbo GmbH) for Eurofighter Typhoon fighter aircraft.
- TP400 (European consortium EuroProp International) for Airbus A400M transport aircraft.
- MTR390-E (European consortium MTRI) for Eurocopter Tiger attack helicopter.
- "Industria de Turbo Propulsores SA". Bloomberg. Retrieved 3 April 2020.
- "Rolls to Complete ITP Acquisition for $847.5M". americanmachinist.com. 11 December 2017.
- "Rolls-Royce obtains final approval for acquisition of ITP". adsadvance.co.uk. 8 December 2017.
- "History". Industria de Turbo Propulsores. Retrieved 3 April 2020.
- Rosenberg, Barry (1 April 1998). "Industria de Turbo Propulsores (IPT)". Aviation Week.
- "Industria de Turbo Propulsores". Siemens. 2014.
- "Engine manufacturers agree joint A400M powerplant bid". Flight International. 5 September 2000.
- Brown, John Murray (11 July 2016). "Rolls-Royce takes full ownership of ITP". Financial Times.
- "ITP in figures". Industria de Turbo Propulsores. Retrieved 22 February 2016.
- "Indra president says ITP Aero acquisition would transform group". Janes. 25 June 2019.
- "Neden mi yerli yazılım? Neden mi yerli teknoloji?". Twitter.
- "Main Civil Programmes". Industria de Turbo Propulsores.
- "Main Defence Programmes". Industria de Turbo Propulsores.
- Official ITP website
- ITP Corporate Vídeo
- 25 years of ITP
- Rolls-Royce venture to back UltraFan turbine research Flighglobal 15 JULY, 2015.
- Rolls-Royce venture to back UltraFan turbine research Flighglobal 15 JUNE, 2015.
- 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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