Trackunit connects over 1m assets on SaaS-platform

Trackunit has reported a ‘strong set of numbers’ in its annual report for 2021, including a number of highlights from the 2017-21 period.

35% of construction time is spent on non-productive activity. 35% of construction time is spent on non-productive activity (Photo: Trackunit)

The report, entitled ‘Getting Connected. Being Useful.’, has taken connectivity as its central theme and Trackunit outlines its continued commitment to eliminating downtime in the construction industry.

Trackunit’s report highlights their annual recurring revenue of DKK 824 million (US$138 million) with a compound annual growth rate (CAGR) of 42% as well as 5.3x growth in subscriptions to 1.1 million with a 52% CAGR. In addition, Trackunit also reported that they have a total of more than one million assets connected.

Other highlights from the annual report include Trackunit’s acquisition by Hg Capital, the launch of Trackunit Kin and Bluetooth mesh network and organic entry into the Asia-Pacific-Japan market.

Soeren Brogaard, CEO of Trackunit, said, “We chose connectivity as the theme because it is a key element in building the ecosystem that will ensure we can as an industry tackle downtime and make more efficient use of our tools and other essential equipment.”

“We want to be useful to the industry and ultimately, to the world and the ways we want to do this are outlined in the report. There’s so much we can do as an industry as we head towards a more sustainable future, and we are determined to keep those messages on the table.”

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Construction Technology Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Makinex creates battery energy storage unit
Lithium ion battery unit offers 6kW output
RedTeam Software launches enhanced preconstruction capability
RedTeam Flex’s new preconstruction functionality and enhanced features are said to be fully collaborative
Caterpillar invests in metals recycling startup company
US$44 million raised to scale up ‘world’s only’ modular refining system for metals
CONNECT WITH THE TEAM
Andy Brown Editor, Editorial, UK - Wadhurst Tel: +44 (0) 1892 786224 E-mail: andy.brown@khl.com
Mike Hayes Editor, Construction Europe Tel: +44 (0)1892 786 231 E-mail: mike.hayes@khl.com
Catrin Jones Deputy Editor, Editorial, UK – Wadhurst Tel: +44 (0) 791 2298 133 E-mail: catrin.jones@khl.com
Eleanor Shefford Sales Manager Tel: +44 (0)1892 786236 E-mail: eleanor.shefford@khl.com
CONNECT WITH SOCIAL MEDIA