Alvest Group and EasyMile launch joint venture for autonomous tow tractors

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Global Industry News

Alvest Group and EasyMile launch joint venture for autonomous tow tractors

Stephanie Painter International Sales | AviationPros

By Sky Industry News

Jul 2, 2024

Alvest Group, comprising its companies TLD and Smart Airport Systems (SAS), alongside EasyMile, has announced the formal launch of TractEasy. This joint venture aims to manage the commercialization of the EZTow autonomous tow tractor.

The collaboration will leverage each company's strengths to accelerate the global deployment of an autonomous tow tractor solution for airports and industrial sites. It also aims to streamline customer experience by making TractEasy the exclusive distributor of this co-developed technology.

The EZTow autonomous tow tractor is currently the most-deployed globally, with numerous repeat orders from industrial and airport customers worldwide. Notable deployments include John Deere in the US, BMW Group Plant Dingolfing in Germany, Daimler AG Truck Assembly Plant in Wörth, Changi Airport in Singapore, and Japan Airlines at Narita International Airport in Japan.

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With TLD's global network and industrial capability, EasyMile's technological expertise, and SAS’s airport distribution knowledge, TractEasy is well-positioned to serve a diverse range of clients across multiple industries and regions.

“TractEasy is purpose-built to scale autonomous vehicle deployments with quality and speed. We have the technology track record, IP rights, experienced resources around the world, and financial backing,” said Richard Reno, CEO of TractEasy.

"TractEasy is testament to the successful synergy between TLD's extensive experience in ground support equipment, EasyMile's safe and efficient driverless technology for both airport and industrial environments, and SAS’ niche expertise in aviation," said Valentin Schmitt, CEO of TLD. "Together with Alvest Group’s financial stability, this joint venture will manage current demand for EZTow while driving further innovations."

Maxime Mahieu, CEO of SAS added: “Scaling up deployment is the next challenge in aviation. With proven technology and financial stability from Alvest Group, TractEasy is positioned as a unique long-term partner.”

Gilbert Gagnaire, CEO of EasyMile concluded: "We are thrilled to take this next step with our long-term partner TLD to form TractEasy. Our multi-platform software combined with TLD's industrial capability ensures that TractEasy continues leading in autonomous tow tractor solutions."

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Alvest Group and EasyMile launch joint venture for autonomous tow tractors

GLOBAL INDUSTRY NEWS

US court blocks Biden administration's airline fee disclosure rule

JetBlue Issues Dim Outlook But Execs Remain Confident in Turnaround Plan

These Frequent Fliers Are Done With Loyalty Programs

JetBlue accepting Venmo as payment method for flights purchased through mobile app

United Airlines stock rallies on results, as growing demand wasn’t just about premium seats

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Southwest to Reduce Pilot Head Count at Several Bases

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