Savaria to acquire sling manufacturer Silvalea

Jun 18, 2019

LAVAL, Québec, June 18, 2019 (GLOBE NEWSWIRE) -- Savaria Corporation (“Savaria”) (TSX: SIS), one of the global leaders in the accessibility industry, announces today that it has entered into an agreement with the owners of Silvalea Ltd. (“Silvalea”) and its sister company, D-ansermed Ltd. (“D-ansermed”), (collectively, the “Silvalea Group”) pursuant to which Savaria would acquire all of the issued and outstanding shares of Silvalea and D-ansermed, for a total purchase price of GBP 4.6 million (approximately CAD 7.8 million), subject to customary closing conditions and adjustments (the “Transaction”). The Transaction is expected to close in July 2019.

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