Polygon AB has reached an agreement to acquire Vatro GmbH, the leader in the German property damage restoration market. The seller is the global facility services group ISS A/S. Andreas Weber, Managing Director and founder of Vatro, will stay on as a major private shareholder of the group.

Polygon, formerly the MCS Division of Munters AB, which was acquired from Munters by European private equity fund Triton last year, had revenues in 2010 of 270 MEUR and 2,000 employees operating in 14 countries. Polygon is active in the property damage restoration market, serving insurance, property management and industrial companies, as well as public agencies.

Vatro is the market leader in the German property damage restoration market with revenues of 145 MEUR in 2010, 32 depots and approximately 800 employees. Vatro has been growing very successfully in the German market with over 20% per year in the last few years and is active both in the residential property damages and the commercial /...