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Enginestands24.com offers a variety of engine stands and equipment, which can be used with all the most common aircraft engine types, the company said.

The online store has three warehouses in Europe where products will be transported to customers. In addition, the company cooperates with partners in the U.S. and Asia from where products can also be transported to various locations.

Magnetic MRO is located on the territory of the Tallinn Airport. The company last year doubled its revenue from 18 million euros earned in 2014 to 36 million euros.

Established in 2002, Magnetic MRO used to belong to SAS until 2010, when it was acquired by Baltcap Private Equity Fund. In 2014, two Cypriot companies, Sasmex Investments Ltd and Tiaravia Services Ltd, acquired one-third of the shares in the company.