# Savaria completes acquisition of Garaventa Lift for CHF 74 million

Savaria Corporation has closed its acquisition of all shares of Garaventa Accessibility AG (Garaventa Lift) for CHF 74 million (CAD$100 million). The deal creates a global leader in accessibility products.

- Type: Acquisition
- Announced: 2018-09-04
- Value: $74.0M (74.0M CHF)
- Status: completed
- Products: accessibility products, lifts
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Savaria Corporation](https://endata.com/companies/34111.md) (acquirer)
- [Garaventa Accessibility AG](https://endata.com/companies/34112.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2018/09/04/1564734/0/en/Savaria-Completes-the-Acquisition-of-Garaventa-Lift.html), 2018-09-04: "Savaria Corporation announces today that it has closed its previously announced acquisition of all of the issued and outstanding shares of Garaventa Accessibility AG for a total purchase price of CHF 74 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.