Hg Capital to acquire a stake in Trackunit from Goldman Sachs and GRO Capital.

Hg Capital agreed to acquire a stake in Trackunit, a Danish company in software-led telematics solutions, from Goldman Sachs and GRO Capital, a Nordic-based private equity fund. Financial terms were not disclosed. “GRO Capital and Goldman Sachs have been exceptional partners during the last five years and helped us solidify our mission, and execute against it. We are proud to have attracted investment from Hg, which comes at a tipping point for the digitalization of construction. Hg’s understanding, experience and focus on scaling leading SaaS companies provides Trackunit with a knowledgeable partner to consolidate and realize our ambitions in a growing global industry,” Soeren Brogaard, Trackunit CEO.