Trackunit, a Global Leader in Software and IoT Connectivity Solutions for the Construction Sector, Announces Investment from Goldman Sachs Alternatives

Core Insights - Trackunit has secured investment from Goldman Sachs Alternatives, marking a significant step in its growth journey, with Hg continuing to reinvest in the company [1][2][3] Company Overview - Trackunit is a leader in software and construction technology solutions, focusing on digital transformation in the construction sector [2][4] - The company connects approximately 3.5 million visible assets, aiming to eliminate downtime and improve safety in the off-highway sector [8] Investment Details - Goldman Sachs Alternatives previously owned Trackunit from 2015 to 2021, and the renewed partnership aims to leverage their expertise for further scaling and innovation [2][6] - The transaction is expected to close in early Summer, providing Trackunit with resources for cutting-edge product development and expansion [7] Strategic Goals - Trackunit's mission is to enhance the construction ecosystem by integrating software and IoT solutions for equipment manufacturers, rental companies, contractors, and tech partners [4][5] - The company aims to capitalize on its data-rich software capabilities through AI to expand its customer proposition [5]