Trackunit acquires German construction tech startup Flexcavo to accelerate growth
Global IoT services provider Trackunit, announced it has closed a deal for Germany's construction tech startup Flexcavo, enabling the telematics specialist to extend its reach in the contractor market.
The agreement, will see Flexcavo continue to build its software solution to contractors and rental clients across Europe. The Berlin-based Flexcavo specializes in data-enabled workflow and process management through the construction sector enabling contractors and rental companies to increase their efficiency, lower costs and improve the team's collaboration across construction sites, yards, and headquarters.
Soeren Brogaard, CEO, Trackunit: "We're delighted to welcome Flexcavo into the Trackunit group and this significantly strengthens our offering to contractors and those with mixed fleets. We're looking forward to leveraging Flexcavo's expertise and make sure we're serving our customers in the best way possible moving forward. Our team has doubled in the last 18 months and with the acquisition of Flexcavo, we're on track to continue growing. We're ambitious and this move fits perfectly with our overall strategy."
Trackunit currently has just under 400 employees.
Benedict Aicher, Co-Founder, Flexcavo: "We are excited and proud to join forces with Trackunit. 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. Being part of the Trackunit ecosystem allows for a deeper integration into the contractor value chain and beyond. I know the Trackunit team shares our commitment to build the most useful industry for the world, and I can't wait to get started."