ITP Aero the leading Spanish Company for aero-engine components with its headquarter in Bilbao buys ca. 10% of BJS Ceramics. At the same time both companies agree in a close cooperation to develop next generation ceramic fibers and their application into Ceramic Matrix Composites (CMCs) components for the next generation aero-engines. “With ITP Aero we attracted a capable long-term Partner that will enable us to further expand our fiber competencies throughout Europe. This step allows ITP to access SiC Fibers and accelerate its strategy to develop components derived therefrom with a secure all-European supply-chain” highlights Armin Bruch, executive partner at BJS. “This agreement will sustainably expedite our growth” elaborates Jutta Schull, shareholder and co-founder of BJS. Both partners agreed to keep purchase-price and other details confidential.