IoT companies supplier Trackunit has closed a deal for Flexcavo, a developer of software program options for development contractors and rental shoppers, that may prolong its attain into the contractor phase.

Trackunit, which provides software-as-a-service IoT options and machine insights to the worldwide development gear {industry}, will strengthen its choices via the acquisition of Flexcavo. The German supplier makes a speciality of data-based workflow and course of administration via the development sector, enabling contractors and rental corporations to extend their effectivity, decrease prices, and enhance the crew’s collaboration throughout development websites, yards, and headquarters.

“We’re delighted to welcome Flexcavo into the Trackunit group and this considerably strengthens our providing to contractors and people with blended fleets,” stated Soeren Brogaard, CEO of Trackunit. “We’re wanting ahead to leveraging Flexcavo’s experience and ensure we’re serving our prospects in the easiest way attainable transferring ahead.

“Our crew has doubled within the final 18 months and with the acquisition of Flexcavo, we’re on monitor to proceed rising,” stated Brogaard. “We’re formidable and this transfer suits completely with our general technique.”

Trackunit presently has just below 400 staff.

“We’re excited and proud to affix forces with Trackunit,” stated Flexcavo Co-Founder Benedict Aicher. “This permits us to double down on our ambition to be the main companion for each contractor who strives for excellence and desires to profit from each single job.

“Being a part of the Trackunit ecosystem permits for a deeper integration into the contractor worth chain and past,” he stated. “I do know the Trackunit crew shares our dedication to construct essentially the most helpful {industry} for the world, and I can not wait to get began.”

Fellow Co-Founder Leonhard Fricke moreover highlights the potential for Flexcavo, which employs roughly 30 employees, to make their options for patrons even higher.

“It would increase our creating capabilities considerably in order that contractors and rental corporations can profit from even sooner function releases, real-time knowledge throughout all equipment, and much more automation of processes between web site, yard, and headquarters,” he stated. “Making our providing accessible in different key markets and supporting prospects of their digitization efforts will probably be our key mission going ahead.”

Brogaard added that the acquisition also needs to allow Trackunit to handle the rental/contractor relationship even higher sooner or later.

“It is including new capabilities and can permit leases and contractors to clean out any hiccups referring to machine utilization, efficiencies and productiveness,” he stated. “It suits with the industry-wide objective to eradicate downtime and any transfer that brings us nearer to that objective can solely make development higher.”