Indra Acquires 9.5% Stake In ITP Aero From Bain

ITP Aero

ITP Aero is based in Spain.

Credit: Cristina Arias/Getty Images
Spanish defense electronics firm Indra is taking a 9.5% stake in aero-engine company ITP Aero. Indra reached agreement with ITP’s owner, the U.S.-based private investment firm Bain Capital, to acquire the €175 million ($193 million) share and give Indra a seat on ITP’s board, Indra announced Aug. 4...

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