Goldman Sachs Alternatives, one of the largest alternative asset management investment companies, has entered into an agreement to acquire a controlling stake in the Danish technology company Trackunit from funds controlled by Hg and GRO Capital. This is reported in the Trackunit press release.
Goldman Sachs' investments demonstrate the next stage in Trackunit's development, aimed at transforming the construction sector. Trackunit's verticalized operational data processing platform allows you to obtain analytical information from the data warehouse. Trackunit's software and Internet of Things connectivity solutions, serving more than 5,000 customers, support equipment manufacturers, rental companies, contractors, and technical partners.
From 2015 to 2021, Goldman Sachs Alternatives already owned a controlling stake in Trackunit, using its global network and value creation capabilities to grow the company, but in 2021 it sold its stake to the British investment company Hg.
Evercore, Skadden, Gorrissen Federspiel, CMS and Deloitte act as Trackunit advisors. The deal is expected to be completed in early summer 2025.
Trackunit is a technology company developing software for the construction industry. The company offers an integrated operating platform for real-time analysis of machine data in order to optimize usage, increase operator safety and digitize workflows. The headquarters is located in Aalborg (Denmark).
Goldman Sachs is one of the largest global investors in asset management worth more than $500 billion. The company invests in a full range of alternative solutions, including direct investment, private lending, real estate, infrastructure, and hedge funds. The headquarters is located in New York (USA).
Hg is a British private equity firm focused on technology buyouts in Europe and the United States. Hg focuses on investments in technology and the service sector through Fund VIII, worth 2.5 billion pounds. The headquarters is located in London (England).
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