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Goldman Sachs Merchant Banking Division and GRO Capital acquire Trackunit A/S

Goldman Sachs Merchant Banking Division and GRO Capital are to acquire M-Tec Holding, Pandrup, the parent company of Trackunit, from the founders of the company, Svend M Hansen and Jesper Fjeldsø.

Trackunit is an independent provider of machine telematics products and software.

“Over the past years Trackunit has grown significantly and is today positioned as one of the leading global providers of fleet management solutions for off-highway vehicles. The management team is very excited about the new ownership and believes the competences of Goldman Sachs and GRO Capital will be highly valuable to the company. We will continue to focus on innovative and value-add products and services for OEMs, rental companies, contractors and other key customers around the world,” says Jørgen Raguse, CEO of Trackunit.

“We believe that Trackunit is well positioned to continue its impressive growth on the back of a leading services offering with significant customer value-add,” says Michael Specht Bruun, Managing Director in the Merchant Banking Division of Goldman Sachs. “We see significant global growth and market penetration potential and are excited about partnering with GRO Capital and the management team to support the company’s continued growth.”

"We are very impressed by the founders and management who have created a market leader in the off-highway telematics industry. Trackunit is a technology driven company with a proprietary software platform operating in the fast growing fleet management market. We look forward to supporting the company in reaching its full potential in our joint ownership with Goldman Sachs Merchant Banking Division,” says Lars Dybkjær, Managing Partner at GRO Capital.

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