# Rolls-Royce to acquire remaining stake in ITP from SENER for €720M

Rolls-Royce Holdings plc agreed to acquire the outstanding stake in ITP from SENER for €720 million. ITP, headquartered in Bilbao, Spain, designs and manufactures aero engine components.

- Type: Acquisition
- Announced: 2016-11-07
- Where: Bilbao, Biscay, Spain
- Value: $792.0M (720.0M EUR)
- Status: announced
- Products: aero engine components, low pressure turbines
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Rolls-Royce](https://endata.com/companies/984.md) (acquirer)
- [SENER](https://endata.com/companies/7167.md) (target)
- [ITP](https://endata.com/companies/17055.md) (target)

## Sources

- [itpaero.com](https://www.itpaero.com/en/rolls-royce-holdings-plc-acquisition-of-outstanding-stake-in-itp-from-sener/), 2016-11-07: "Rolls-Royce will pay SENER a total consideration of €720m."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.