Acquiring Company
Savaria Corporation
Acquired Company
Western Elevator Ltd
Description
Savaria Corporation has announced its acquisition of Western Elevator Ltd., enhancing its presence in the accessibility market. Western will continue to operate as a division under Savaria, with its existing leadership maintaining their roles. This acquisition aims to leverage Western's strong local relationships and expertise in the Vancouver area. With about $7.5 million in revenue, Western has been a top-tier dealer for Savaria.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed