10.02.2025

New owner for Trackunit

Danish telematics company Trackunit announced today that it has attracted a majority investment from Goldman Sachs Alternatives.

The current majority shareholder Hg will retain a significant stake in the business. Goldman Sachs Alternatives previously owned Trackunit from 2015 until 2021 when HG acquired the business.

Trackunit is the leading player in the field of telematics for most of the equipment that we cover and has partnerships with a number of leading manufacturers. It employs around 400 staff worldwide.

Michael Bruun, the head of Private Equity at Goldman Sachs Alternatives said: “We are thrilled to partner once again with Trackunit’s leadership team, along with Hg, to build on their success and drive even greater impact for customers globally. We see significant potential in continuing to scale the business and further embedding digital solutions across the construction ecosystem.”

Trackunit chief executive Soeren Brogaard added: “We have built a strong foundation together with Hg, advancing our offerings and working together with customers to eliminate downtime in construction. The reinvestment from Hg, alongside the new and proven partnership with Goldman Sachs Alternatives, positions us to scale even faster. We remain fully committed to our purpose, and with Goldman Sachs Alternatives’ expertise and global reach, we are excited to accelerate innovation and growth for our customers and partners worldwide.”

Nick Jordan and Soren Holt of Hg said: “Trackunit is a prime example of how data rich software businesses can capitalise on their structural data advantage through AI and continue to expand their customer proposition. Our investment in this business has been about fostering this innovation and scaling a category leading SaaS business.

“We are pleased to continue supporting Trackunit alongside Goldman Sachs Alternatives, ensuring the company has the resources and expertise to realise its long term purpose and industry changing ambitions.”

The transaction is expected to close in early Summer.