Savaria Announces Two Contracts Totaling $3 Million Home Elevators to “Stay At Home With Savaria”
May 11 2020 - 7:45AM
Savaria Corporation (“Savaria”) (TSX: SIS) one of the global
leaders in the accessibility industry, today announced the recent
signing of sales contracts with two major home builders by way of
Savaria’s direct sales offices located in Toronto (Ontario, Canada)
and in Baltimore (Maryland, USA). The combined value of the
contracts is approximately $3 million (CAD).
In the Toronto area, a well-regarded builder has committed to
purchase 50 home elevators from Savaria, and in the Baltimore
region, an award-winning builder has agreed to purchase 43 Savaria
home elevators. Both projects will start in the coming months, with
Savaria’s direct sales offices providing installation services.
“These two contracts reflect the potential for Savaria in the
coming years. We have long been aware that baby boomers are
planning for the future and that plan often includes making their
home accessible. We believe that COVID-19 impact may further
increase the interest in products that help people stay in the home
they love while maintaining autonomy and safety. We want to be part
of that with our full range of well-built home elevators and home
accessibility lifts and we’re pleased to promote this with our
campaign of “Stay At Home With Savaria,” said Mr. Marcel
Bourassa, President and Chief Executive Officer of Savaria.
About Savaria Corporation
Savaria Corporation (savaria.com) is one of the global leaders
in the accessibility industry. It provides accessibility solutions
for the physically challenged to increase their comfort, their
mobility and their independence. Its product line is one of the
most comprehensive on the market. Savaria designs, manufactures,
distributes and installs accessibility equipment, such as
stairlifts for straight and curved stairs, vertical and inclined
wheelchair lifts and elevators for home and commercial use. It also
manufactures and markets a comprehensive selection of pressure
management products for the medical market, medical beds for the
long-term care market, as well as an extensive line of medical
equipment and solutions for the safe handling of patients. In
addition, Savaria converts and adapts vehicles to be wheelchair
accessible. The Corporation operates a sales network of dealers
worldwide and direct sales offices in North America, Europe
(Switzerland, Germany, Italy, Czech Republic, Poland and United
Kingdom), Australia and China. Savaria employs approximately 1,450
people globally and its plants are located across Canada in Laval
and Magog (Québec), Brampton, Beamsville and Toronto (Ontario) and
Surrey (British Columbia), in the United States at Greenville
(South Carolina), in Huizhou (China), in Milan (Italy) and in
Newton Abbot (United Kingdom).
For further information: |
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Marcel BourassaPresident and
Chief Executive Officer1.800.661.5112mbourassa@savaria.com |
Mauro Ferrara, CPA, CAChief
Financial Officer1.800.931.5655 x227mferrara@savaria.com |
www.savaria.com
facebook.com/savariabettermobilitytwitter.com/Mobilityforlife |
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