Trackunit Announces Completion of Investment from Goldman Sachs Alternatives and Reinvestment by Hg

Trackunit Secures Investment from Goldman Sachs Alternatives and Hg

On June 16, 2025, Trackunit, a leader in software and IoT solutions for the construction sector, announced the successful closure of its investment from Private Equity at Goldman Sachs Alternatives. This follows an initial signing on February 10, 2025. This investment signifies a pivotal phase in Trackunit's growth, with continued support from long-term investor Hg, which has also reinvested alongside Goldman Sachs.

The partnership highlights both firms' confidence in Trackunit's mission to curtail downtime and foster digital transformation within the construction industry. With this financial backing from two globally prominent investors, Trackunit aims to boost innovation and enhance customer value. Its service offerings target OEMs, rental companies, contractors, and technology partners worldwide, leveraging an advanced suite of software and IoT devices.

Soeren Brogaard, CEO of Trackunit, expressed enthusiasm about the partnership. He stated, “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." Brogaard emphasized that their focus is to deliver significant value and business outcomes for customers, while enabling them to utilize their data to minimize downtime and enhance savings.

Trackunit operates a comprehensive data platform that connects the construction sector, aligning around 3.5 million visible assets. The organization aims to harness data and insights to mitigate downtime, improve safety, and drive sustainability in a cost-effective manner.

About Goldman Sachs Alternatives

Goldman Sachs, listed as NYSE: GS, is a prominent player in alternative investments globally, managing over $500 billion in assets with over 30 years of industry experience. Their investment approach encompasses private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds. Through direct strategies and customized partnerships, Goldman Sachs aims to deliver long-term investment performance and has around $3.2 trillion in assets under supervision as of March 31, 2025.

The Private Equity division at Goldman Sachs Alternatives has invested more than $75 billion since its establishment in 1986, utilizing its extensive global network and unique market insights to create value across its portfolios.

About Hg

Hg focuses on building leading enterprises that offer essential software applications and workflow services, marking significant advancements in workplace automation. The firm emphasizes supporting businesses that are vital, well-invested, and customer-centric, amid early adoption trends of digitization that are projected to reshape industries for decades.

With a firm footprint across Europe and North America, Hg boasts a workforce of around 400 employees and manages approximately $85 billion in funds across a portfolio of about 50 businesses, collectively valued at over $160 billion. These companies consistently achieve revenue growth rates exceeding 20% annually, supported by Hg's deep market knowledge and operational resources.

In summary, the investment by Goldman Sachs Alternatives and Hg signifies a transformative opportunity for Trackunit as it enhances its offerings and impact in the construction industry through innovation and technological advancement.