In 1955, Swedish entrepreneur Carl Munters founded the Munters Corporation based on his initial idea to develop an air conditioning system that used evaporative cooling and dehumidification. Munters launched its Moisture Control Services (MCS) in 1985.
MCS rapidly grew into a global business throughout the 1990s with a presence in more than 20 countries. Moisture Control Services operated in a high-volume, low-value business environment that relied on large numbers of people to deliver the service. As a result, MCS never reached the profitability expectations of the parent company.
In October 2010, the MCS division was divested from the Munters Group and the Polygon Group was born. Wholly owned by Triton, a private equity firm, Polygon today has a strong growth agenda and a dedicated focus on property damage control. In 2012, Polygon made two strategically important acquisitions. One was the German property damage control company Vatro, which gave Polygon a significant presence in Germany and nearly doubled the size of the Polygon Group. The second acquisition was leading moisture control consultancy AK Konsult in Sweden.
Polygon strengthened its expertise in document restoration through the acquisitions of Rapid Refile in the US in 2012 and Harwell Technical Services in the UK in 2015. Other significant milestones include the issue of a corporate bond in 2014, as well as the appointment of a new CEO and acquisition of Tinkler Bau in Austria the same year.
Our roots serve us well as we continue to prevent, mitigate and control the effects of water, fire and climate.
