Indra Acquires 9.5% Stake In ITP Aero From Bain

Tony Osborne August 04, 2023
ITP Aero

ITP Aero is based in Spain.

Credit: Cristina Arias/Getty Images
Spanish defense electronics firm Indra is taking a 9.5% stake in aero-engine company ITP Aero. Indra reached agreement with ITP’s owner, the U.S.-based private investment firm Bain Capital, to acquire the €175 million ($193 million) share and give Indra a seat on ITP’s board, Indra announced Aug. 4...
Tony Osborne

Based in London, Tony covers European defense programs. Prior to joining Aviation Week in November 2012, Tony was at Shephard Media Group where he was deputy editor for Rotorhub and Defence Helicopter magazines.

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