Trackunit acquires contractor services provider Flexcavo
The telematics specialist has been growing in recent times and currently employees just under 400 people
Telematics specialist Trackunit has acquired contractor services provider Flexcavo, which will enable it to extend its reach in the contractor market. The agreement, which closed on 1 January, will see Flexcavo continue to build its software solution to contractors and rental clients across Europe.
Berlin-based Flexcavo specialises in data-enabled workflow and process management through the construction sector. It is said to enable contractors and rental companies to increase their efficiency, lower costs and improve collaboration across construction sites, yards, and headquarters.
“We’re delighted to welcome Flexcavo into the Trackunit group; 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,” said Soeren Brogaard, CEO of Trackunit.
He added, “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.”
In late October 2022, Trackunit said it had achieved a milestone in connected assets.
Soeren Brogaard, CEO of Trackunit
Trackunit currently has just under 400 employees, the statement from Trackunit noted.
“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,” commented Flexcavo Co-Founder Benedict Aicher.
Commenting on the deal, fellow Co-Founder Leonhard Fricke highlighted the potential for Flexcavo, which employs approximately 30 staff, to make their solutions for customers even better.
Fricke stated, “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. Making our offering available in other key markets and supporting customers in their digitisation efforts will be our key mission going forward.”
In mid November 2022, Trackunit’s CEO urged increased decarbonisation efforts following CO2 emissions warnings at COP27.
Brogaard added that the acquisition is expected to enable Trackunit to manage the rental/contractor relationship even better in the future.
He concluded, “It’s adding new capabilities and will allow rentals and contractors to smooth out any hiccups relating to machine usage, efficiencies and productivity. It fits with the industry-wide purpose to eliminate downtime and any move that brings us closer to that goal can only make construction better.”
In early December 2022, IPAF’s ePAL app passed a quarter of a million downloads.
