Alvest Group and EasyMile launch joint venture for autonomous tow tractors

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."