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Savaria acquires Western Elevator Ltd.

May 08, 20253 months ago

Acquiring Company

Savaria Corporation

Acquired Company

Western Elevator Ltd

BramptonCoquitlamManufacturingConsumer Electronics

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.

Company Information

Company

Savaria Corporation

Location

Brampton, Ontario, Canada

About

Savaria Corporation is a global leader in the accessibility industry, offering solutions for the physically challenged. The company designs, manufactures, distributes and installs equipment such as stairlifts, wheelchair lifts, and elevators. It operates a comprehensive sales network worldwide and employs around 2,500 people. Savaria aims to enhance comfort, mobility, and independence for its customers.

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M&A Insights

Based on deal data
Integration 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