In a significant move that promises to accelerate digital transformation in the construction sector, Trackunit, a pioneering force in construction technology, has secured investment from Goldman Sachs Alternatives. This strategic partnership, which sees Goldman Sachs rejoin Trackunit’s growth journey alongside current majority stakeholder Hg, is set to propel the company’s innovative solutions to new heights, fostering greater sustainability and efficiency across the industry.
At the heart of this development is Trackunit’s advanced operating data platform, a verticalized system that harnesses the power of data to generate actionable insights. By integrating IoT connectivity solutions, the platform supports the entire construction ecosystem—from equipment manufacturers to rental companies, contractors, and tech partners. This holistic approach not only streamlines operations but also addresses one of the sector’s most pressing challenges: downtime.
“We are thrilled to partner once again with Trackunit’s leadership team, along with Hg, to build on their success and drive even greater impact for customers globally,” said Michael Bruun, Partner and Global Co-Head of Private Equity at Goldman Sachs Alternatives. The investment underscores Goldman Sachs’ confidence in Trackunit’s potential to scale and embed digital solutions more deeply into the construction landscape.
For Trackunit, this investment marks a pivotal moment in its growth trajectory. “We have built a strong foundation together with Hg, advancing our offerings and working together with customers to eliminate downtime in construction,” commented Soeren Brogaard, CEO of Trackunit. “The reinvestment from Hg, alongside the new and proven partnership with Goldman Sachs Alternatives, positions us to scale even faster.”
The collaboration between Trackunit, Hg, and Goldman Sachs Alternatives is poised to drive significant advancements in the construction tech sector. Nick Jordan, Partner, and Soren Holt, Director at Hg, highlighted the company’s structural data advantage, stating, “Trackunit is a prime example of how data-rich software businesses can capitalize on their structural data advantage through AI and continue to expand their customer proposition.”
With approximately 400 employees and a global customer base, Trackunit is well-positioned to leverage this investment to push the boundaries of innovation. The company’s mission to eliminate downtime aligns with the growing industry focus on sustainability and operational efficiency. As urbanization continues to drive demand for construction, the need for smarter, more integrated solutions becomes increasingly urgent.
Looking ahead, the construction industry is on the cusp of a digital revolution. The integration of advanced technologies like AI, IoT, and data analytics is not just about enhancing productivity—it’s about creating a more sustainable and resilient future. With investments like Goldman Sachs Alternatives’ backing of Trackunit, the sector is poised to make significant strides in this direction.
The transaction, expected to close in early summer, sets the stage for a dynamic shift in the construction landscape. As Trackunit continues to innovate and expand, its impact will ripple through the industry, challenging norms and sparking debate on how technology can transform traditional practices. For professionals at the intersection of sustainability and construction, this development is more than just a financial milestone—it’s a catalyst for a greener, smarter future.