M&A Deal Summary

Savaria Acquires Handicare Group AB

On January 27, 2021, Savaria acquired consumer products company Handicare Group AB for 3.4B SEK

Acquisition Highlights
  • This is Savaria’s 1st transaction in the Consumer Products sector.
  • This is Savaria’s largest (disclosed) transaction.
  • This is Savaria’s 1st transaction in Sweden.

M&A Deal Summary
Date 2021-01-27
Target Handicare Group AB
Sector Consumer Products
Buyer(s) Savaria
Deal Type Add-on Acquisition
Deal Value 3.4B SEK

Target

Handicare Group AB

Stockholm, Sweden
Formed in 1986, Handicare offers solutions to increase the independence of disabled or elderly people and to facilitate for their care providers and family. The offering encompasses a comprehensive range of curved and straight stairlifts, transfer, lifting, and repositioning aids and vehicle adaptations. Handicare is a global company with sales in some 40 countries and is one of the market leaders in this field. Its head office is in Stockholm, Sweden, and manufacturing and assembly are located at four sites distributed across North America, Asia, and Europe.

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Buyer(S) 1

Buyer

Savaria

Laval, Quebec, Canada
Category Company
Founded 1979
Sector Machinery
Employees1,400
Revenue 374M CAD (2019)
DESCRIPTION

Savaria Corp. is a designer, manufacturer, distributor and installs primarily elevators for home and commercial use, as well as stairlifts and vertical and inclined platform lifts. Savaria has built thousands of lifts and elevators used around the world to help improve access for wheelchair users and other mobility challenged people in the home and in public spaces. Savaria was founded in 1979 and is based in Laval, Canada.

DEAL STATS #
Overall 8 of 9
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 7 of 7
Country (Sweden) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-12 H.E.S. Elevator Services

Denver, Colorado, United States

H.E.S. Elevator Services, Inc. sells, installs and services a full range of elevator and lift products within the State of Colorado. The company provides both the residential and commercial market and has a great base of existing custom home builders and general contractors that utilise its services on a routine basis. H.E.S. Elevator Services is based in Denver, Colorado.

Buy $1M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-08 Matot - Dumbwaiter and Material Lift Assets

Bellwood, Illinois, United States

Matot's Dumbwaiter and Material Lifts are used in a wide range of activities, including within hospital and healthcare facilities, the hospitality sector, and a variety of retail and industrial settings.

Buy -
Mergr

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