ITP Acquires Avio’s PW100 Business

Industria de Turbo Propulsores (ITP) has completed its acquisition of Avio's maintenance business for PW100 engines, signing a PW100 DOF licence with Pratt & Whitney Canada, with effect from May 1. It is estimated that the acquired business will add assets of more than €24m in the first two years of operation – including the acquisition price of Avio’s business, Pratt & Whitney Canada PW100 licence, Ajalvir's capacity increase, PW100 pool of engines and working capital requirements. The acquisition hopes to further develop IPT’s relationship with Pratt & Whitney Canada as it is now a partner of the manufacturer in both original equipment risk and revenue sharing programmes, and MRO engines.

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