Quebec’s Savaria Acquires Master Lifts in Australia for C$3.1 Million

Laval, Quebec-headquartered Savaria Corp. has acquired, through Savaria (Australia) Pty. Ltd., its wholly owned subsidiary, all of the assets of Master Lifts Australia Pty. Ltd., a leading elevator dealer based in Brisbane, Australia, for a purchase price of C$3.1 million. The acquisition of Master Lifts provides Savaria with a national sales platform to gain access to the Australian market. Savaria has secured employment commitments from the key employees of Master Lifts and will continue operating in Australia under the Master Lifts trade name. The acquired business is expected to generate revenue of approximately C$7.9 million in 2018 and C$9.8 million in 2019.

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