The SaaS offering enables Trackunit’s customers to operate fleets of machinery more efficiently and improve their operations based on data insights. The data insights allow for preventive maintenance and the potential to extend the lifetime of the vehicles. Trackunit’s services cater to the everyday needs of the construction industry. The needs of the technician who can keep the fleet afloat with the right insight. The needs of the operator with on-site guidance to pre-checks to feel safer on the job site and the needs of the fleet manager who can see the big picture and track every movement of the fleet.
Since its inception in 2000, Trackunit has developed from a technology start-up to a company that today supports a fleet of nearly 500,000 units globally and close to 8,000 customers. The overall vision is to eliminate downtime and to create significant economic benefit for the customers.
GRO first invested in Trackunit in 2015 together with Goldman Sachs' Merchant Banking division to support its global expansion and strong innovation in the telematics industry. Significant expansion has since been delivered both organically (incl. establishing a significant operation in US) and inorganically through a few strategic acquisitions. As a testimony to the strong collaboration with the Trackunit team, GRO reinvested in Trackunit in 2021 when Hg Capital became the new majority owner. Today, there is a continued strong focus on investing in commercialisation of the organization and further investments in the innovative software solution.
August 23, 2022
The opening of the London office follows the recent fund raise of the EUR 0.6 billion GRO Capital Fund III and the establishment of presence in Oslo, Norway. The London-based team will be lead by Johan Olsson, and the team will support GRO's existing activities and further expand its network across Northern Europe.
August 15, 2022
Netigate AB, a leading experience management platform, announced that it will partner with GRO. GRO becomes a majority investor in the Company and through this investment, Netigate will accelerate the Company’s product vision and international growth.
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