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Trackunit's Strategic Investment Partnership with Goldman Sachs

In a significant development, Trackunit, a leader in software and IoT solutions for the construction industry, has finalized an investment agreement with Goldman Sachs Alternatives. This deal, initially signed on February 10, 2025, represents a pivotal moment in Trackunit's growth journey. Notably, this move also sees continued backing from Hg, a long-term investor, who has reinvested alongside Goldman Sachs.

This fresh infusion of capital will enable Trackunit to enhance its innovation capabilities and expand the value it provides to customers within the construction sector. This merger underscores the confidence both investment firms have in Trackunit's mission — to eliminate downtime and accelerate the digital transformation of the construction industry.

According to Soeren Brogaard, CEO of Trackunit, the company is excited about the new partnership, expressing, "We're thrilled to officially welcome Goldman Sachs Alternatives and to continue our journey with Hg. Their commitment supports our long-term ambition to unlock value for our customers and partners through bold innovation ... and helping our customers harness the power of their data."

This strategic alliance places Trackunit in a strong position to leverage Goldman Sachs' vast global network and investment acumen, reinforcing its commitment to deliver cutting-edge solutions to OEMs, rental companies, and contractors globally. Both investors bring invaluable expertise and resources that can amplify Trackunit's operational and market impact.

About Trackunit

Trackunit is at the forefront of connecting the construction industry through its operating data platform. The company's mission is to create a living, evolving ecosystem that provides insights and data to the off-highway sector, effectively connecting around 3.5 million visible assets. By leveraging advanced technology, Trackunit aims to minimize downtime, enhance safety measures, and ultimately help customers achieve sustainable financial success.

About Goldman Sachs Alternatives

Renowned for its stature in the alternatives market, Goldman Sachs manages over $500 billion in various asset classes, focusing on private equity, growth equity, and infrastructure investments. With more than three decades of experience, Goldman Sachs Alternatives is dedicated to fostering long-term partnerships and driving shared success amongst its clients.

About Hg

Hg is committed to building leading software enterprises that deliver essential applications and workflow services. As digitization trends continue to evolve, Hg provides substantial support to businesses targeting market expansion and efficiency improvements, featuring deep industry insights paired with operational resources. Together with its portfolio companies, Hg continually aims to achieve remarkable revenue growth and operational excellence, establishing itself as a formidable entity in the software space.

In conclusion, this investment marks not just a financial transaction but a powerful affirmation of Trackunit’s strategic trajectory and its commitment to innovation within the construction industry. As the partnership unfolds, stakeholders can anticipate exciting developments that promise to reshape the future landscape of construction technology.