The aviation maintenance industry in Benelux plays a crucial role in ensuring aircraft safety and efficiency. This sector is home to a range of companies, from established service providers to innovative startups, focused on everything from routine inspections to advanced repair services. With a growing emphasis on sustainability, many firms are integrating cutting-edge technologies like AI and predictive maintenance into their operations. The rising demand for air travel post-pandemic is expected to drive further investment and growth in this sector, presenting new opportunities for companies to optimize maintenance processes and enhance operational reliability.


In the Benelux region, a mix of corporate, venture capital, and private equity firms fuel the aviation maintenance industry. The investors showcased in this list span a range of localities including Brussels, Amsterdam, and Luxembourg, reflecting a solid European presence. Ranging from small firms with fewer than ten employees to large corporations with over ten thousand, these investors exhibit various strategic focuses and investment levels. In 2024, they collectively made significant investments aimed at enhancing aviation maintenance technologies, showcasing strong growth potential for startups and established players alike.


Top 11 Aviation Maintenance Investors in Benelux


1. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, founded in 1958, that supports innovation and entrepreneurship across Europe. It offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC provides business acceleration services, networking opportunities, and prizes to foster innovation across different sectors. Notably, the EIC has been involved in significant transactions within the aviation sector, such as its participation in Heart Aerospace's Series B funding round, where it contributed to a total of $107 million raised for the development of hybrid-electric aircraft. Additionally, the EIC has supported Maeve Aerospace, a startup focused on creating a full-electric regional airliner, with funding that could lead to further investments. These transactions highlight the EIC's role in advancing aviation technology, which is closely linked to the maintenance and operational aspects of new aircraft designs.


2. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent private equity firm based in Luxembourg, founded in 2005. The firm specializes in private equity, credit, secondaries, and infrastructure, managing approximately €193 billion in assets for over 1000 clients, including pension funds and institutional investors. CVC focuses on delivering sustainable value and growth through strategic investments. In the aviation sector, CVC has made significant moves, including the acquisition of Ontic Engineering and Manufacturing, Inc., a key player in aerospace parts manufacturing, for $1.365 billion in 2019. In 2024, they further expanded their aviation portfolio by acquiring CTC Moyson Airport Equipment, enhancing their presence in the aviation maintenance industry. Additionally, their acquisition of HiSERV, a ground service equipment specialist, underscores their commitment to supporting the aviation maintenance and operational sectors. These transactions highlight CVC's strategic focus on the aviation industry, particularly in areas related to maintenance and support services.


3. Mainport Innovation Fund


Mainport Innovation Fund II is a venture capital fund based in Amstelveen, North Holland, Netherlands, founded in 2009. The fund focuses on accelerating innovation in sustainable mobility, logistics, and aviation, providing funding and support to startups that aim to create climate impact solutions. Notably, the fund has invested in Aiir Innovations, an Amsterdam-based company that specializes in AI-based software solutions for aircraft engine inspection, contributing €500,000 in 2019 and participating in a €2.1M funding round in 2023. This investment highlights the fund's commitment to enhancing aviation maintenance through technological advancements. Additionally, Mainport Innovation Fund has collaborated with major partners like KLM and Schiphol, which further emphasizes its active role in the aviation sector.


4. Sgh

  • Website: sghcapital.com
  • Type: Venture Capital
  • Headquarters: Luxembourg
  • Founded year: 2015
  • Headcount: 1-10
  • Number of deals in 2024: 3
  • LinkedIn: sghcapital

SGH Capital is a venture capital firm based in Luxembourg, founded in 2015, that specializes in investing in early and mid-stage disruptive companies across various sectors, including fintech and blockchain. They provide capital and strategic support to innovative businesses primarily in the US and western Europe. Notably, SGH Capital has made significant investments in the aviation sector, including a $13 million Series A investment in ZeroAvia, a company developing hydrogen-electric powertrain technology aimed at reducing emissions in aviation. They also invested $15 million in WIJET, a private jet service, and $3.4 million in OpenJet, which focuses on private jet booking services. These transactions highlight SGH's engagement in the aviation industry, particularly in areas that could impact aviation maintenance and operational efficiency.


5. Stellantis

  • Website: stellantis.com
  • Type: Corporate
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2014
  • Headcount: 10001+
  • Number of deals in 2024: 7
  • LinkedIn: stellantis-slovakia

Stellantis N.V. is a multinational automotive manufacturer based in Amsterdam, Netherlands, founded in 2014. The company produces a wide range of vehicles, including passenger cars and light trucks, and is committed to sustainability and technological advancement. In recent years, Stellantis has made significant investments in the aviation sector, particularly through its involvement with Archer Aviation. Notably, Stellantis led a $215 million investment round in August 2023, aimed at supporting the development of aircraft and related technology, as well as the establishment of manufacturing and test facilities. Additionally, Stellantis participated in multiple post-IPO equity funding rounds for Archer, raising substantial amounts such as $600 million in September 2021 and $430 million in December 2024. These transactions highlight Stellantis's strategic interest in the aviation industry, particularly in areas that may intersect with aviation maintenance and innovative mobility solutions.


6. Finindus

  • Website: finindus.be
  • Type: Venture Capital
  • Headquarters: Zelzate, Flanders, Belgium
  • Founded year: 1926
  • Headcount: 1-10
  • Number of deals in 2024: 6
  • LinkedIn: finindus

Finindus is a venture capital firm based in Zelzate, Flanders, Belgium, founded in 1926. The firm specializes in providing early-stage and growth financing to innovative technology companies, particularly in the fields of materials, sustainable manufacturing, and industry 4.0. They emphasize proactive and pragmatic assistance to maximize long-term value creation for their portfolio companies. Notably, Finindus co-led a €3 million Series A funding round for Viking Analytics AB, a predictive maintenance startup from Sweden, which highlights their engagement in the maintenance sector. This investment aligns with the aviation maintenance industry, as predictive maintenance is a crucial component in ensuring the safety and efficiency of aviation operations. Additionally, they have participated in other ventures, such as Guaranteed and Xenomatix, although these are less directly related to aviation maintenance.


7. H2 Equity Partners

  • Website: h2ep.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1991
  • Headcount: 11-50
  • LinkedIn: h2-equity-partners

H2 Equity Partners is a private equity investment firm based in Amsterdam, Netherlands, founded in 1991. The firm specializes in private equity investments in mid-sized companies across various sectors, providing hands-on support and consulting services to help management teams achieve growth and operational improvements. One of their notable transactions includes the acquisition of Multi Pilot Simulations on December 22, 2016. This company is involved in the aviation sector, specifically in providing simulation solutions for pilot training, which highlights H2 Equity Partners' engagement in the aviation industry. Their expertise in enhancing business performance makes them a valuable partner for companies in the aviation maintenance space.


8. Borski Fund

  • Website: borskifund.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2019
  • Headcount: 1-10
  • Number of deals in 2024: 3
  • LinkedIn: borskifund

Borski Fund is a venture capital fund based in Amsterdam, North Holland, Netherlands, founded in 2019. The fund is dedicated to investing in companies led by women or that cater to women, aiming to reduce the gender gap in venture capital by providing financial support and business advisory services to female entrepreneurs. In 2023, Borski Fund led a funding round for Aiir Innovations, an Amsterdam-based provider of AI-based software solutions for aircraft engine inspection, raising €2.1M. This investment highlights Borski Fund's engagement in the aviation maintenance industry, as Aiir Innovations focuses on enhancing aircraft engine inspection processes through innovative technology. The fund leverages its extensive network and experience to help businesses grow and succeed, including those in the aviation sector.


9. Reed Business Information NL


Reed Business Information NL, a corporate investor based in Amsterdam, Netherlands, is a division of Reed Elsevier and operates under the LexisNexis Risk Solutions umbrella. Founded in 1988, the firm specializes in risk management solutions, providing services such as identity verification, fraud prevention, and compliance solutions to a diverse clientele that includes businesses and government agencies across various sectors. Notably, in June 2011, Reed Business Information acquired Ascend Worldwide Group Holdings Limited, aiming to integrate Ascend's data and analytics services into its Flightglobal platform. This acquisition is significant as it enhances RBI's capabilities in the global aviation market, indicating their active involvement in aviation-related services, which could extend to aviation maintenance.


10. I-care Group

  • Website: icareweb.com
  • Type: Corporate
  • Headquarters: Mons, Wallonia, Belgium
  • Founded year: 2004
  • Headcount: 501-1000
  • Number of deals in 2024: 1
  • LinkedIn: icaregroup

I-care Group is a corporate investor based in Mons, Wallonia, Belgium, specializing in industrial maintenance services with a strong emphasis on predictive maintenance and reliability engineering. Founded in 2004, the company has grown to a size of 501-1000 employees and has made significant strides in enhancing asset performance through advanced IoT sensors and AI-enhanced software solutions. Their recent acquisitions, including Technical Associates of Charlotte in March 2023 and SDT Ultrasound Solutions in March 2025, reflect their commitment to expanding their expertise in predictive maintenance. While their primary focus has been on sectors like manufacturing and pharmaceuticals, the methodologies and technologies they employ are highly relevant to the aviation maintenance industry, where optimizing maintenance processes is critical for operational efficiency and safety.


11. TKH Group

  • Website: tkhgroup.com
  • Type: Corporate
  • Headquarters: Haaksbergen, Overijssel, Netherlands
  • Founded year: 1930
  • Headcount: 5001-10000
  • Number of deals in 2024: 1
  • LinkedIn: tkh-group-n.v.

TKH Group is a technology company founded in 1930, headquartered in Haaksbergen, Overijssel, Netherlands. The company specializes in innovative solutions for automation, digitalization, and electrification, providing smart vision, manufacturing, and connectivity systems to enhance efficiency and sustainability across various sectors. In 2024, TKH Group made a significant move by acquiring JCAI Inc, a Toronto-based company that specializes in guidance software for airports, with an annual turnover of CAD 13.7 million. This acquisition is expected to bolster TKH's earnings and accelerate growth in the North American market, highlighting their strategic interest in the aviation sector and their potential role in aviation maintenance and operations.



Aviation Maintenance Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
CvcLuxembourg1001-5000200516
Mainport Innovation FundAmstelveen, North Holland, Netherlands11-5020090
SghLuxembourg1-1020153
StellantisAmsterdam, North Holland, Netherlands10001+20147
FinindusZelzate, Flanders, Belgium1-1019266
H2 Equity PartnersAmsterdam, North Holland, Netherlands11-5019910
Borski FundAmsterdam, North Holland, Netherlands1-1020193
Reed Business Information NLAmsterdam, North Holland, Netherlands501-100019880
I-care GroupMons, Wallonia, Belgium501-100020041
TKH GroupHaaksbergen, Overijssel, Netherlands5001-1000019301


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