Savaria Establishes Elevator Manufacturing in Europe by Acquiring Vipal S.p.A.

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Savaria Establishes Elevator Manufacturing in Europe by Acquiring Vipal S.p.A. LAVAL, Quebec, July 02, 2026 (GLOBE NEWSWIRE) -- Savaria Corporation (“Savaria”) (TSX: SIS) one of the global leaders in the accessibility industry, is pleased to announce the acquisition of all issued and outstanding shares of Vipal S.p.A. (“Vipal”), a manufacturer of residential lifts and elevators based in Ferentillo, Italy. Founded in 1983, Vipal manufactures elevators, platform lifts, and related metal structures and components for residential and commercial applications, primarily within the Italian market. Originally established as a metalworking business, the company has evolved into a fully integrated elevator manufacturer with approximately 50 employees. For the trailing twelve months, Vipal generated sales of approximately €8.2 million (C$13.3 million). Strategic Rationale Provides Savaria with elevator manufacturing capabilities in Europe, expanding its accessibility product offering through the addition of elevators and residential lifts.A scalable 64,600 sq. ft (6,000 sqm) owned factory with vertically integrated operations, including in-house manufacturing of shafts, cars, controllers, and doors for elevators.Adds a portfolio of elevator products fully compliant with European codes and standards.Creates opportunities to accelerate growth of Vipal elevator products through Savaria’s extensive dealer and direct store network across Europe.Expected to improve purchasing efficiencies and support operational excellence across procurement and manufacturing within Vipal. “We are very excited to welcome Vipal to the Savaria family. The addition of Vipal’s residential lifts expands our portfolio in Europe and represents another important step in our strategy to become the one-stop shop for accessibility in Europe,” said Jean-Philippe De Montigny, President Europe Accessibility. “We are proud of the manufacturing technologies and know-how we have built at Vipal over many years, and we are confident Savaria is the right partner to accelerate the company's global growth and help realize its full potential,” said Innocenzo Rossi Bartoli, Managing Director and Principal Shareholder, Vipal S.p.A. About Savaria Corporation Savaria Corporation (corp.savaria.com) is one of the global leaders in ...

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