Savaria Corporation has acquired all issued and outstanding shares of Vipal S.p.A., a manufacturer of residential lifts and elevators based in Ferentillo, Italy. The transaction, announced on July 02, 2026, provides Savaria with elevator manufacturing capabilities in Europe and expands its accessibility product offering through the addition of elevators and residential lifts. For the trailing twelve months, Vipal generated sales of approximately €8.2 million (C$13.3 million).

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. The acquisition includes 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.

Strategic Rationale

The acquisition adds a portfolio of elevator products fully compliant with European codes and standards. It creates opportunities to accelerate the growth of Vipal elevator products through Savaria’s extensive dealer and direct store network across Europe. The deal is expected to improve purchasing efficiencies and support operational excellence across procurement and manufacturing within Vipal.

Key Financials

"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.

Savaria Corporation has announced a dividend of $0.0467 per common share, aligning with its established monthly dividend policy. The payment is scheduled for July 9, 2026, and will be distributed to shareholders recorded on the corporation's books at the close of business on June 30, 2026. This dividend is designated as an eligible dividend within the meaning of the Income Tax Act.

Key Dividend Details

The declaration outlines specific dates and the per-share amount for the upcoming distribution. The following table summarizes the critical information for shareholders.

Corporate Profile

Savaria Corporation operates as a global leader in the accessibility industry, providing solutions designed to enhance comfort, mobility, and independence for the physically challenged. The company's product portfolio includes elevators for home and commercial use, stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts, and dumbwaiters. Additionally, Savaria manufactures pressure management products, medical beds, and equipment for the safe patient movement, such as transfer and lifting aids.

The corporation maintains a sales network of dealers worldwide and direct sales offices in North America, Europe, and Australia. With approximately 2,550 employees globally, Savaria's manufacturing facilities are located across Canada, the United States, Mexico, Europe, and China.