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Savaria announces the acquisition of Baxter Residential Elevators
Globenewswire· 2026-02-09 13:00
Core Insights - Savaria Corporation has completed the acquisition of substantially all assets of Baxter Residential Elevators, LLC, enhancing its position in the accessibility industry [1][3] Group 1: Acquisition Details - Baxter Residential Elevators (BRE) generated approximately US$4 million (C$5.5 million) in revenue in 2025 and has strong relationships with homebuilders in North Texas, particularly in the luxury residential segment [2] - The acquisition provides Savaria with a direct presence in the Dallas metropolitan area, a strategically important market due to Texas's rapid growth in residential and commercial construction [3] Group 2: Leadership and Future Plans - Richard D ("RD") Baxter, the founder of BRE, will continue to lead the business as a division of Savaria, ensuring continuity for customers and employees [4] - Both RD Baxter and Alexandre Bourassa, President of Accessibility North America, expressed optimism about the partnership and its potential for growth in the home elevator market in Texas [5][6] Group 3: Company Overview - Savaria Corporation is a global leader in the accessibility industry, providing a comprehensive range of accessibility solutions, including stairlifts, wheelchair lifts, and medical equipment [7] - The company operates a sales network of dealers worldwide and employs approximately 2,500 people across various locations, including North America, Europe, Australia, and China [7]
Savaria Announces Date for Third Quarter 2025 Financial Results
Globenewswire· 2025-10-27 13:16
Core Insights - Savaria Corporation, a global leader in the accessibility industry, will release its financial results for Q3 2025 on November 5, 2025, after market close [1] - An investor conference call and webcast is scheduled for November 6, 2025, at 8:30 a.m. ET, where investors and media can participate on a listen-only basis [1] Company Overview - Savaria Corporation specializes in providing accessibility solutions for the physically challenged, enhancing comfort, mobility, and independence [2] - The company offers a comprehensive product line, including stairlifts, wheelchair lifts, elevators, pressure management products, medical beds, and equipment for safe patient handling [2] - Savaria operates a global sales network with approximately 2,500 employees and manufacturing plants in Canada, the United States, Mexico, Europe, and China [2]
Savaria Announces Date for Second Quarter 2025 Financial Results
Globenewswire· 2025-07-28 13:00
Core Viewpoint - Savaria Corporation, a leader in the accessibility industry, is set to release its financial results for Q2 2025 on August 6, 2025, followed by an investor conference call on August 7, 2025 [1]. Company Overview - Savaria Corporation is recognized as a global leader in providing accessibility solutions for individuals with physical challenges, enhancing their comfort, mobility, and independence [2]. - The company offers a comprehensive product line, including stairlifts, wheelchair lifts, elevators, pressure management products, medical beds, and equipment for safe patient handling [2]. - Savaria operates a worldwide sales network with direct sales offices in North America, Europe, Australia, and China, employing approximately 2,500 people globally [2].
Savaria announces the acquisition of Western Elevator Ltd.
Globenewswire· 2025-05-08 11:30
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]