Digital Aero Technologies, a technology holding company created by Avia Solutions Group, has announced that it has invested in Locatory.com and Enginestands.com. The recently established Digital Aero Technologies plans to cover various tech areas and fields from news and recruitment to smart tools and online platforms. The holding company has been actively looking to gather some of the industry-leading aviation technology companies under one roof. “I trust that uniting forward-thinking active businesses will encourage innovation and inter-company projects,” sais Julius Norkunas, Digital Aero Technologies CEO. “We see so much potential and possibilities to grow and develop ideas important for the future of aviation. Our team is closely working with companies we take under our wing and invest to, to ensure that they have the best shot at making the history,” said Norkunas.
The newest additions to the Digital Aero Technologies (DAT) holding that will be receiving investment are Locatory.com and Enginestands.com. DAT is investing 1 million euros into the development of the companies.
Starting as an aircraft spare parts trading marketplace, Locatory.com, now is one of the leaders in the business, with 12.1 billion aircraft parts in its marketplace’s database for commercial and military aviation. “We are delighted to join DAT and are excited about the possibilities that the investment brings. To meet the demands of the growing user base, we intend to strengthen our sales team, thus increasing the stock available on the platform,” said Toma Matutyte, director of Sales and Marketing at Locatory.com. “We also plan to continue developing our customer portfolio by attracting partners from various segments and locations. Additionally, we have big plans to refresh our marketplace with an upgrade to the platform’s design and functionalities.”
Enginestands.com is an aircraft engine stand and tool leasing service for airlines, MROs, engine repair shops, leasing companies, freight forwarders, and other customers around the world. The ISO certified company offers leasing of high-quality equipment for the customer’s chosen period of time, allowing them to productively carry out maintenance operations that suit their schedule.