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March 2021
Denmark, Undisclosed

Liberty advises the management team of Trackunit on the acquisition by Hg

Liberty Corporate Finance is pleased to announce that it has advised the management team of Trackunit, led by  Søren Brogaard, CEO, on the acquisition by Hg.

Hg, a global software investor, has agreed to acquire a controlling interest in Trackunit from Goldman Sachs and GRO Capital. The addition of Hg as the new owner provides specialized software-as-a-service (SaaS) expertise at a time of increasing technology mobilization within the construction industry. Trackunit, a global leader in software-led telematics solutions for off-highway vehicles and the construction market, is now positioned to intensify its global expansion.

Trackunit is a driving force in the digitization of the construction sector, serving equipment manufacturers, rental companies and contractors, connecting construction equipment and processing data to the cloud to deliver value-added insights. With the new owners on board, the Trackunit team remains committed to solving the industry’s needs, but at a faster pace and with greater ambitions. Customers will benefit from additional investments in product, technology and new services.

Trackunit services its customers directly from its headquarters in Denmark and Chicago, IL and through subsidiaries in Sweden, Norway, France, Holland, Germany and England.

Trackunit is a phenomenal business with a world class management; the investment by Hg demonstrates the calibre of the team and opportunity that Trackunit presents as it continues its growth story.

Simon Hill
+44 (0) 7813 601 051