Indra to acquire a 9.5% stake in ITP Aero from Bain Capital for €175m.

Indra, an information technology and defense systems company, agreed to acquire a 9.5% stake in ITP Aero, an aero engine and gas turbine manufacturer, from Bain Capital, a private investment firm, for €175m. “Indra’s stake in ITP Aeros’s capital has a clear industrial vocation and constitutes a further step in its growth strategy to become the great driving force of the Spanish defence industry in order to guarantee our country’s strategic autonomy and technological sovereignty. This operation will also give both Indra and ITP Aero greater strength, broaden their technological capabilities and expand their opportunities to compete with large companies in the aerospace and defence markets,” Marc Murtra, Indra Chairman.