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Munters and Folksam Sign Agreement on Water Damage Restoration in Sweden.

STOCKHOLM, Sweden -- Munters subsidiary, Munters Torkteknik AB, has recently signed an exclusive agreement with the Swedish insurance company Folksam. The agreement covers the handling of Folksam's water damage claims.

Munters Torkteknik AB (MTT) is a market leader in Sweden within water- and fire damage restoration, with services also for construction drying, leak detection and moisture surveys. Quickly drying instead of tearing down and rebuilding after water damages result in substantial savings for the insurance companies. Folksam has selected MTT as its first choice among suppliers of water damage restoration services.

"It is an important agreement, where our ability to comply with Folksam's national requirements is in the centre of attention. It is in line with the trend in Sweden, as well as in many other countries in Europe, where the insurance industry is streamlining and simplifying the purchase and management of water damages", says Lars Karedal Managing Director of MTT.

"We have been working for a long time with developing and coordinating the methods and the documentation used in our property damage restoration. It enables us to keep a consistent quality of the work we do all over the country. We are available round the clock every day of the year in 30 places in Sweden. That results in fast action in case of emergency, which is key when it comes to limiting damages caused by water", Lars continues.

"We have a strong focus on sustainability, and our social and environmental commitment is in line with the ambitions of Folksam", Lars concludes.

Sollentuna 26 March 2007

Lars Engstrom Chief Executive Officer

Munters (STO:MTRS) is the world leader in humidity control with services and products for water and fire damage restoration, dehumidification, humidification and air cooling. Customers are served in a wide range of segments, the most important being insurance-, utilities-, food-, pharma- and electronics- industries. Manufacturing and sales are carried out via the Group's own companies in 30 countries. The Group has around 3,600 employees and net sales of SEK 5,712 million. Munters is listed on OMX Nordic Exchange. For more information see www.munters.com

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Publication:Business Wire
Date:Mar 26, 2007
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