GRO Acquires DigitalRoute from Neqst

GRO Becomes Majority Investor in Netigate AB

August 15, 2022

Cloud & SaaS

GRO (GRO Capital) has made a majority investment in Netigate AB, a Stockholm-headquartered experience management SaaS provider. The investment will support Netigate’s product development and international growth as the company scales its experience management platform for mid-market customers.

Descartes Systems Group Acquires PackageRoute

June 19, 2025

Logistics & Distribution

Descartes Systems Group has acquired PackageRoute, a US-based provider of final-mile carrier software, for approximately US$2 million in cash. The acquisition adds PackageRoute's mobile and web-based route optimization, real-time visibility and fleet management capabilities to Descartes' GroundCloud suite to strengthen its final-mile carrier offerings.

GRO Capital Acquires Majority Stake in Queue-it

March 26, 2020

Software

GRO Capital has agreed to become the new majority shareholder of Queue-it, providing capital to accelerate product innovation, expand the partner network, and grow sales and marketing. Queue-it, a Copenhagen-headquartered SaaS provider of virtual waiting room software with offices in the U.S. and Australia and over 85 employees, will use the investment to deepen its position in North America and expand further across Europe and Asia; former investors will no longer be shareholders.

GRO Capital Makes Strategic Growth Investment in iPoint-systems gmbh

November 13, 2020

Software

Northern European private equity firm GRO Capital A/S has taken a minority stake in Germany-headquartered iPoint-systems gmbh, a provider of product compliance and sustainability software. The investment will provide capital and strategic support to accelerate product innovation, expand sales and marketing, and deepen iPoint's presence in North America and Asia.

Descartes Systems Group Acquires GroundCloud

February 14, 2023

Transportation

Descartes Systems Group acquired GroundCloud, a Minneapolis-based provider of final-mile carrier SaaS solutions that combine route execution, safety/compliance and video telematics. The deal involved approximately $138 million in up-front cash plus an earn-out of up to $80 million tied to revenue targets.

GRO Capital Reinvests in Trackunit; Minority Stake with Board Representation

June 4, 2021

Cloud & SaaS

GRO Capital announced a reinvestment in Trackunit through a newly established continuation vehicle, taking a minority position and securing board representation. The reinvestment is made alongside existing investor Hg, backing Trackunit’s continued growth as a SaaS-based telematics and machine-insights provider for the construction equipment market.