GRO Capital Reinvests in Trackunit; Minority Stake with Board Representation

Hg Acquires Trackunit from Goldman Sachs and GRO Capital

March 24, 2021

Cloud & SaaS

Hg has agreed to acquire a controlling interest in Trackunit from Goldman Sachs Asset Management and GRO Capital. Trackunit is a SaaS-based telematics and IoT provider for the construction and off‑highway equipment market; Hg's investment is intended to accelerate the company's international expansion and product development. Terms were not disclosed and the transaction is subject to customary regulatory approvals.

Goldman Sachs Alternatives Acquires Majority Stake in Trackunit

February 10, 2025

Cloud & SaaS

Private Equity at Goldman Sachs Alternatives has agreed to acquire a majority stake in Trackunit from funds advised by Hg and GRO Capital, with Hg reinvesting alongside Goldman Sachs. Trackunit, a Denmark-headquartered SaaS and operating data platform for the construction ecosystem, will receive capital and strategic support to accelerate product development, international expansion and innovation; the deal is subject to customary regulatory approvals and expected to close in early summer.

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.

GRO Capital Invests in Secomea to Accelerate SaaS Growth

June 29, 2021

Cloud & SaaS

Secomea A/S, a Denmark-based provider of secure remote access IIoT SaaS solutions, has agreed to take a strategic investment from GRO Capital A/S. GRO will become a new shareholder and provide growth capital to accelerate Secomea's global expansion and strengthen its SaaS offering for manufacturers and machine builders.

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.

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.