Savaria Corporation Acquires the Assets of Visilift, LLC
August 24, 2017
Savaria Corporation has entered into an agreement to acquire all of the assets of Visilift, LLC for US$5.0 million, with additional contingent consideration tied to post-closing performance. The acquisition expands Savaria's residential elevator product portfolio by adding Visilift's round and octagonal panoramic glass elevator technology and transfers production to Savaria's manufacturing facilities.
- Buyers
- Savaria Corporation
- Targets
- Visilift, LLC
- Sellers
- Visilift, LLC
- Industry
- Manufacturing
- Location
- Colorado, United States
- Transaction Type
- Buyout
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