Trackunit Welcomes Investment from Goldman Sachs Alternatives to Propel Growth

Trackunit's Strategic Move with Goldman Sachs

On February 10, 2025, Trackunit, a renowned name in the construction technology sector, announced a major investment from Goldman Sachs Alternatives. This investment is set to be a significant milestone in Trackunit’s growth journey, providing a robust foundation for further innovations in the construction ecosystem.

Trackunit, which specializes in software solutions and technology for the construction industry, has focused on enhancing efficiency and reducing downtime for its global clientele. The new investment will facilitate the company’s ambition to foster greater digital transformation within the construction sector.

A Partnership with Potential

The collaboration with Goldman Sachs Alternatives is particularly noteworthy as it comes after the firm previously owned Trackunit from 2015 to 2021 before Hg took over. Michael Bruun, a Partner at Goldman Sachs Alternatives, expressed enthusiasm about reuniting with Trackunit's leadership and Hg to maximize the company’s potential. "We see significant potential in continuing to scale the business and further embedding digital solutions across the construction ecosystem," Bruun remarked.

This sentiment was echoed by Soeren Brogaard, CEO of Trackunit, who highlighted the importance of their existing partnership with Hg and the renewed collaboration with Goldman Sachs. He stated, "Together, we have built a strong foundation, and with this reinvestment, we are positioned to scale even faster."

Enhancing the Construction Ecosystem

Trackunit has made significant strides in the digital landscape, especially through its advanced operating data platform. The platform utilizes a leading data lake to generate valuable insights that help streamline various aspects of construction operations. This transformation aligns perfectly with Trackunit's commitment to reducing downtime and improving overall project efficiency.

With approximately 400 employees and a diverse international customer base, Trackunit serves various stakeholders in the construction value chain, including equipment manufacturers, contractors, and technology partners. Their solutions are designed to support not only the management of construction machinery but also to enhance connectivity and collaboration among all players in the construction sector.

Focused on Innovation

The new investment will empower Trackunit to accelerate its innovation agenda. Nick Jordan and Soren Holt from Hg have commented on how data-rich software firms can leverage their structural advantages through artificial intelligence to expand customer offerings. They believe that the partnership with Goldman Sachs will further enhance Trackunit's capabilities and resources for long-term impactful developments.

Goldman Sachs Alternatives’ prior ownership period has already been marked by significant product expansions and improvements in operational capabilities. The alignment of Trackunit with both Goldman Sachs and Hg creates a strong shareholder structure intent on investing in cutting-edge developments, technology advancements, and human capital needed to push the envelope in the construction industry.

Looking Ahead

As plans unfold for the transaction to close early in the summer, anticipation is high for what the future holds for Trackunit. The collaboration represents not just financial backing but a united vision for how technology can reshape the construction industry for the better. By merging the interests and expertise of established investment firms with Trackunit's innovative drive, a new era for construction technology seems poised to emerge.

For anyone invested in the future of construction, this development is a pivotal watchpoint, promising substantial advancements that could redefine industry standards. Trackunit stands at the forefront of this change, ready to leverage its combined strengths in a rapidly evolving digital landscape.

For further updates on Trackunit and its innovations in the construction tech realm, visit their website and follow them on LinkedIn.