TARGIT, a portfolio company of GRO and a leading business intelligence (BI) software provider for small to mid-sized enterprises, announced its acquisition of long-time partner and BI solution provider, CalmCo.

The Fund received strong support from existing investors and welcomed many new high-quality investors across Europe and the US. GRO now has in excess of €1bn AUM.

GRO became a majority investor in Promon in December 2021 together with Kirk Kapital to support the company’s growth journey with a focus on solidifying presence in the US and further accelerating growth across verticals. Trifork, a former GRO portfolio company, invested alongside GRO and Kirk Kapital as a strategic partner to Promon.

Trackunit and the Industrial IoT division of ZTR are uniting to better serve the growing demands of the construction industry. Putting customer needs first, the two telematics leaders are combining their considerable resources to accelerate innovation and drive digital transformation — with collaboration and service at the centre of their strategy.

Secomea A/S, a global provider of secure remote access industrial IoT solutions, today announced that GRO will become a new shareholder and provide further capital into the company to support the company’s product ambition and accelerate growth globally.

GRO Capital today announced a reinvestment in Trackunit, a global leader in software-led telematics solutions for the off-highway vehicle market, through a newly established continuation vehicle securing a minority position with board representation.

On 27th May 2021, GRO Capital announced its exit of Trifork Holding AG through a successful initial public offering of shares on NASDAQ Copenhagen

Luxion, a global leader in 3D product design rendering software, today announced that it will partner with GRO Capital to solidify the Company’s industry leadership position and accelerate global growth.

March 24th, 2021 - Goldman Sachs Asset Management Division (“Goldman Sachs”) and GRO Capital today announced that they have agreed to sell Trackunit, a global leader in software-led telematics solutions for the off-highway vehicle market, to Hg, a leading global software investor. Terms of the transaction were not disclosed.

iPoint-systems gmbh, a global leader in product compliance and sustainability software, today announced that GRO Capital A/S will become a shareholder, adding capital and experience to further strengthen product innovation and accelerate growth globally.

After 4 years of successful co-ownership, GRO Capital and Mikael Boyum have signed an agreement to sell Boyum IT Solutions (“Boyum”), a global leader in manufacturing, warehousing and usability software solutions in the SAP Business One ecosystem, to Volpi Capital.

Queue-it, a global leader of virtual waiting room software and services, announced that GRO Capital has agreed to become new majority shareholder and provide further capital into the Company to accelerate growth.

With the final close of GRO Fund II, GRO Capital now has €400m in AuM to accelerate leading software companies in Northern Europe.

Adform A/S, a global leader of ad tech software and services, today announced that GRO Capital has agreed to become a new shareholder and inject significant equity into the Company providing a solid basis for the future.

GRO Capital announces the first close of GRO Fund II. Fund II is a continuation of the strategy pursued in GRO Fund I with focus on accelerating mature software companies and a geographical investment mandate covering the Nordic region and DACH.

CVC Capital Partners’ Growth Fund and GRO Capital are new majority shareholders in Omada A/S, a global leader of Identity Governance and Administration (“IGA”) software and services. Omada is headquartered in Copenhagen, Denmark, with over 270 employees across offices in Europe and North America.

Boyum IT Solutions, a leading global SAP Business One software solutions provider, has acquired Produmex, a leading provider of Warehouse Management software solutions.

Trackunit A/S today announced its acquisition of the UK based telematics provider Satrak UK Ltd. Trackunit’s acquisition of Satrak makes Trackunit the leading machine telematics provider in the UK and further strengthens Trackunit’s position in Europe within the machine telematics market. The investment is the second European acquisition made by Trackunit in the last 2 years.

An investor consortium consisting of GRO Capital and KIRK KAPITAL have signed an agreement today, whereby they become majority owners of Tacton Systems AB, a world leader in sales and product configuration for the manufacturing sector. Tacton is headquartered in Stockholm, Sweden, with customers and resellers across the globe.

GRO Capital has acquired all shares in TARGIT A/S, an international Business Intelligence Software company targeting SME’s. TARGIT A/S is experiencing accelerated growth, and GRO Capital aim to further accelerate the growth through an increased focus on sales and marketing activities and to invest into an already strong product roadmap.

Trackunit, which in 2015 was acquired by Goldman Sachs and GRO Capital, today announced its acquisition of Dreyer+Timm. Trackunit’s acquisition of Dreyer+Timm GmbH strengthens Trackunit’s leading position in Europe within the machine telematics market.

GRO Capital becomes shareholder in Boyum IT Solutions in connection with Boyum IT Solutions’ acquisition of the Swiss company beas group. Boyum IT Solutions is a Software Solutions Provider (SSP) delivering proprietary add-on solutions to SAP Business One applicable across all industries.

GRO Capital acquires 46% of Auditdata A/S and becomes main shareholder in the global independent provider of audiology solutions. Auditdata is a leading Danish manufacturer of diagnostic instruments and clinic management solutions for hospital hearing care clinics and private practices.

Trifork is pleased to announce that GRO Capital A/S joins as a shareholder and invests in the future development of the Trifork Group. Trifork is a fast growing software innovation company with a particular strong position in the growing markets of cloud, mobile, databases, “Internet of Things” and content management.

Goldman Sachs Merchant Banking Division and GRO Capital to acquire M-Tec Holding, Pandrup, the parent company of Trackunit, from the founders of the company, Svend M. Hansen and Jesper Fjeldsø. Trackunit is a leading global independent provider of machine telematics products and software.