Aalborg, Denmark-based Trackunit, an IoT service provider, announced on Tuesday that it has acquired Berlin-based ConTech startup Flexcavo.
Trackunit aims to extend its reach in the contractor market with this acquisition. It will also allow the Danish company to manage the rental/contractor relationship better in the future.
Flexcavo: What you need to know
The platform specialises in data-enabled workflow and process management, enabling contractors and rental companies to increase their efficiency, lower costs and improve the team’s collaboration across construction sites, yards, and headquarters.
“We are excited and proud to join forces with Trackunit,” says Flexcavo Co-Founder Benedict Aicher. “This enables us to double down on our ambition to be the leading partner for every contractor who strives for excellence and wants to make the most of every single job.
He adds, “Being part of the Trackunit ecosystem allows for a deeper integration into the contractor value chain and beyond,” he said. “I know the Trackunit team shares our commitment to building the most useful industry for the world, and I can’t wait to get started.”
The company employs around 30 people.
Leonhard Fricke says, “It will boost our developing capabilities significantly so that contractors and rental companies can benefit from even faster feature releases, real-time data across all machinery, and even more automation of processes between site, yard, and headquarters,” he said. “Making our offering available in other key markets and supporting customers in their digitisation efforts will be our key mission going forward.”
Trackunit: What you need to know
Founded by Soren Brogaard Jensen, Trackunit is a SaaS-based IoT solution and machine insights provider to the global construction equipment industry.
The Danish platform collects and analyses machine data in real-time to deliver actionable and predictive information, empowering customers with data-driven foresight.
From operator safety and machine health to business optimisation, the company’s services benefit the everyday operations of customers globally.
Trackunit services its customers worldwide from its offices in Denmark, Canada, the United States, Singapore, Sweden, Norway, France, Holland, Germany, the UK, Australia, and Japan.
“We’re delighted to welcome Flexcavo into the Trackunit group, and this significantly strengthens our offering to contractors and those with mixed fleets,” said Soeren Brogaard, CEO of Trackunit. “We’re looking forward to leveraging Flexcavo’s expertise and ensuring we’re serving our customers in the best way possible moving forward.”
He adds, “Our team has doubled in the last 18 months, and with the acquisition of Flexcavo, we’re on track to continue growing,” says Brogaard. “We’re ambitious, and this move fits perfectly with our overall strategy.”