Industria de Turbo Propulsores, S.A. (ITP) has formalised the acquisition of Avio's maintenance business for PW100 engines and has signed a PW100 DOF licence with Pratt & Whitey Canada. The operation strengthens ITP In Service Support position in the small propulsion engines maintenance market and is estimated to create up to 70 new jobs at the Group's Ajalvir (Madrid) work centre.
In 2012, the ITP Group posted after-tax profit figures of 71 million euros, showing a 22% improvement on the year before. Investments in R&D totalled 55 million euros, representing a 10.45% increase against the previous year.
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