M&A Deal Summary

Savaria Acquires Matot - Dumbwaiter and Material Lift Assets

On April 8, 2024, Savaria acquired machinery company Matot - Dumbwaiter and Material Lift Assets from Matot

Acquisition Highlights
  • This is Savaria’s 2nd transaction in the Machinery sector.
  • This is Savaria’s 4th transaction in the United States.
  • This is Savaria’s 1st transaction in Illinois.

M&A Deal Summary
Date 2024-04-08
Target Matot - Dumbwaiter and Material Lift Assets
Sector Machinery
Buyer(s) Savaria
Sellers(s) Matot
Deal Type Divestiture

Target

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.

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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 9 of 9
Sector (Machinery) 2 of 2
Type (Divestiture) 2 of 2
State (Illinois) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-27 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.

Buy kr3.4B

Seller(S) 1

SELLER

Matot

Bellwood, Illinois, United States
Category Company
Founded 1888
Sector Machinery
DESCRIPTION

Matot offers custom designed and built dumbwaiters, material lifts, VRC’s, cart lifts, and automatic load/unload tote equipment. Matot was founded in 1888 and is based in Bellwood, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
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