Rolls-Royce confirms approach for Spanish subsidiary
Rolls-Royce has revealed that it has received an approach from Spanish information technology and defence systems company Indra to buy a majority stake in its ITP Aero business.
ITP, the Spanish subsidiary of Rolls-Royce and currently the ninth largest aircraft engine and components company in the world by revenue, has operations in the UK including in Lincoln and Whetstone.
A statement from Rolls-Royce said: “This indication of interest is subject to a number of conditions. There is no certainty that this will result in a transaction involving ITP Aero.
“ITP Aero is a key partner for Rolls-Royce, and Rolls-Royce intends to retain a long-term relationship with the business across its Civil Aerospace and Defence programmes.
“Any further announcement will be made as appropriate.”
