Savaria announces the acquisition of Western Elevator Ltd.

Core Insights - Savaria Corporation has announced the acquisition of Western Elevator Ltd., enhancing its presence in the accessibility industry [1][5] - Western generated approximately $7.5 million in revenue in 2024 and has been a long-time dealer for Savaria [2] - The Vancouver area is a key market for luxury residential elevators, and Western has established strong relationships with local builders and architects [3] Company Overview - Savaria Corporation is a global leader in the accessibility industry, providing solutions for the physically challenged to enhance comfort, mobility, and independence [6] - The company offers a comprehensive product line, including stairlifts, wheelchair lifts, and elevators for both residential and commercial use [6] - Savaria operates a global sales network and employs approximately 2,500 people, with manufacturing plants located in multiple countries [6]