# Rolls-Royce secures approval to acquire remaining 53.1% of ITP

Rolls-Royce has secured the necessary authorizations to acquire the remaining 53.1% of Industria de Turbo Propulsores (ITP) from Sener Grupo de Ingeniería.

- Type: Acquisition
- Announced: 2017-12-11
- Where: Bilbao, Spain, Spain
- Value: $847.5M (720.0M EUR)
- Status: announced
- Products: aircraft engine components
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Rolls-Royce](https://endata.com/companies/984.md) (acquirer)
- [ITP Aero](https://endata.com/companies/3897.md) (target)
- [SENER](https://endata.com/companies/7167.md) (investor)
- [Industria de Turbo Propulsores](https://endata.com/companies/28724.md) (target)
- [Sener Grupo de Ingeniería](https://endata.com/companies/28725.md) (partner)

## Sources

- [aviationweek.com](https://aviationweek.com/air-transport/aircraft-propulsion/rolls-royce-wins-approval-itp-acquisition), 2017-12-11: "Rolls-Royce has secured the authorizations it needs to acquire the remaining 53.1% of Industria de Turbo Propulsores (ITP) from Spanish engineering and construction firm Sener Grupo de Ingeniería."
- [americanmachinist.com](https://www.americanmachinist.com/news/article/21902609/rolls-to-complete-itp-acquisition-for-8475m), 2017-12-11: "Rolls-Royce plc reported it has now gained the approval of all the relevant authorities to complete its acquisition of the outstanding 53.1% of Industria de Turbo Propulsores SA."
- [itpaero.com](https://www.itpaero.com/en/itps-strategic-plan-confirmed-following-the-acquisition-by-rolls-royce/), 2017-12-19: "Following Spanish Government approval of Rolls-Royce’s acquisition of the remaining 53.1% stake in ITP, previously owned by SENER, from now on the Spanish company will be part of the Rolls-Royce group."

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