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Polygon is turning 10 at the end of October and over the past 10 years Polygon has accomplished a lot. Here is Polygon’s success saga.
10 years ago a vision was realised by Triton, a private equity firm that acquired Polygon after it was divested from the Munters Group. Our roots serve us well as we continue to prevent, mitigate and control the effects of water, fire and climate.
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 the 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 120 million Euro corporate bond in 2014, as well as the appointment of a new CEO, Erik-Jan Jansen, and acquisition of Tinkler Bau in Austria the same year.
In 2015 Polygon made a successful strategy shift focusing on Climate Solutions and Document restoration in the US. During the same year the Polygon model was introduced in the organisation and the new corporate website was launched.
During 2016, Polygon started the Polygon Academy, the internal leadership development programme focusing on making business successful using the Polygon model. During the same year Polygon also introduced the new business system Metrix and launched a new corporate Intranet. In Canada, we launched a Franchise model to expand our footprint. Polygon also successfully recapitalised a 60 million Euro tap issue under the existing bond.
In 2017 Polygon made six acquisitions in Sweden, Norway and France, adding a total of EUR 65 million sales and over 500 new members to the Polygon family of dedicated specialists. An additional two acquisitions in Denmark and Germany were signed in the end of 2017 and were closed in the beginning of 2018.
During 2018, Polygon completed six acquisitions with total yearly sales of EUR 46 million, of which Dansk Bygningskontrol accounted for EUR 29 million. In October Polygon appointed Axel Gränitz as new CEO.
In 2019 Polygon acquired eight companies in six countries. In early 2019 Polygon acquired Tiedema in the Netherlands to strengthen the position in the areas of Leak detection and Temporary Climate Solutions, and VANWAARDE which established document restoration services in the Netherlands. In March, Polygon acquired Alvisa 24, one of the market leaders in Switzerland with 67 employees. A few months later we acquired its competitor Nettag. The acquisition and establishment in Switzerland was an important strategic milestone for Polygon – well on track to also achieve market leadership in Switzerland. Two other key achievements were the acquisition of Tehokuivaus Oy in Finland and the acquisition of the UK´s largest hard surface repair specialist, Plastic Surgeon. The acquisition of AMRestore increased the geographical footprint throughout the north-east of the US.
In 2020, coronavirus created a worldwide pandemic. Polygon created opportunities in new services such as disinfection, strengthened its international sale team to sell cross-border and entered new markets in Italy and Luxembourg. As well as strengthened the geographic reach in Switzerland, Hydrotech and Aretech were acquired in France, contributing to its strategic agenda. The further acquisition of Hiotlabs created an enviable position to offer water damage prevention services.
We are well on track on our strategic agenda, taking each step to become the global expert in property damage control.
Direct Reaction Team
We are ready to respond on short notice to ensure that real estate and other property restored to its origins in the fastest possible way. We do a quick assessment of the damage to be able to take the right actions.
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SE-111 57 Stockholm
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