Money Buzz! Europa

Tag: polygon

  • Polygon enters the Italian market with the acquisition of Recotech

    Polygon enters the Italian market with the acquisition of Recotech

    Polygon has signed an agreement to acquire Recotech in Italy. Recotech is a property damage restoration company specialized in water- and fire damage restoration and major and complex claims.

    The company has a turnover of 5 MEUR and around 40 employees.

    Recotech has its head office in Florence with a branch office in Pordenone.

    The company goes beyond conventional activities by providing technical solutions aimed at solving structural problems in high-impact claims.

    They managed the Corona crises in Italy quite well as a provider of emergency services and launched COVID-19 disinfection services.

    Polygon is a Global Expert and the European market leader in Property Damage Control.

    Polygon works on 3 continents, in 16 countries and 4.600 service professionals prevent, control and mitigate the effects of water, fire and climate.

  • Polygon enters the Luxembourg market after the acquisition of UTG

    Polygon enters the Luxembourg market after the acquisition of UTG

    Polygon has signed an agreement to acquire UTG in Luxembourg.

    UTG is a growing entrepreneurial company focused on fire damage restoration and asbestos removal with 15 employees and annual sales of about 1.5M EUR.

    “We see fine opportunities entering the market in Luxembourg, it is a market with a high demand on quality services within the property damage industry. Polygon has so far operated in Luxembourg out of our country organizations in Belgium, Germany and France, but now we will be present in the heart of Luxembourg. The acquisition of UTG is a strategically important step since it will enable us to offer and grow our services in a new market and, given our strong presence in the neighboring countries, will enable us to fully leverage our resources and expertise”, says Axel Gränitz, President and CEO of Polygon Group.

    UTG is a well built up brand in Luxembourg since 25 years and was founded by two German brothers.