COMPANY
MANAGEMENT

Søren Brogaard, CEO

LEAD PARTNER

Lars Dybkjær

YEAR INVESTED

2015

HEADQUARTER

Aalborg, Denmark

SECTOR

Industry 4.0

WEBSITE

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LINKEDIN

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Portfolio + Exited
Trackunit is the global leader in off-highway telematics, providing SaaS-based telematics solutions for OEMs and rental companies

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.

COMPANY
MANAGEMENT

Søren Brogaard, CEO

LEAD PARTNER

Lars Dybkjær

YEAR INVESTED

2015

YEAR Exited

HEADQUARTER

Aalborg, Denmark

SECTOR

Industry 4.0

FUND

GRO FUND I / GRO CV

WEBSITE

Visit

LINKEDIN

Visit

We Invest in and Develop Outstanding Software Companies

PRESS RESPONSIBLE
Krista Hein Lindahl

press@grocapital.dk

LONDON

GRO, 12 Hay Hill
London W1J8NR
United Kingdom