Savaria Announces the Official Commencement of the Acceptance Period in Relation to its Offer to Acquire Handicare Group AB
February 10 2021 - 7:30AM
Savaria Corporation (“Savaria”) (TSX: SIS) one of the global
leaders in the accessibility industry, is pleased to announce that
further to its press release on January 27, 2021, the offer
document relating to its previously announced offer to acquire all
of the issued and outstanding shares of Handicare Group AB for a
final price of SEK50.00 per share (the “Offer”), has been approved
and registered by the Swedish Financial Supervisory Authority (Sw.
Finansinspektionen). The acceptance period of the Offer will open
on February 11, 2021 and end on March 4, 2021.
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, mobility
and 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. Savaria 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 1,400 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).
Forward-Looking Statements
This press release includes certain statements that are
“forward-looking statements” within the meaning of the securities
laws of Canada. Any statement in this press release that is not a
statement of historical fact may be deemed to be a forward-looking
statement. When used in this press release, the words “believe”,
“could”, “should”, “intend”, “expect”, “estimate”, “assume” and
other similar expressions are generally intended to identify
forward-looking statements. Forward-looking statements also
include, but are not limited to, the statements regarding the
Offer. It is important to know that the forward-looking statements
in this document describe the Corporation’s expectations as at the
date hereof, which are not guarantees of future performance of
Savaria or its industry and involve known and unknown risks and
uncertainties that may cause Savaria’s or the industry’s outlook,
actual results, or performance to be materially different from any
future results or performance expressed or implied by such
statements. The Corporation’s actual results could be materially
different from its expectations if known or unknown risks affect
its business, or if its estimates or assumptions turn out to be
inaccurate. A change affecting an assumption can also have an
impact on other interrelated assumptions, which could increase or
diminish the effect of the change. As a result, the Corporation
cannot guarantee that any forward-looking statement will
materialize and, accordingly, the reader is cautioned not to place
undue reliance on these forward-looking statements. Forward-looking
statements do not take into account the effect that transactions or
special items announced or occurring after the statements are made
may have on the Corporation’s business. For example, they do not
include the effect of sales of assets, monetizations, mergers,
acquisitions, other business combinations or transactions, asset
write-downs or other charges announced or occurring after
forward-looking statements are made.
Unless otherwise required by applicable securities laws, Savaria
disclaims any intention or obligation to update or revise the
forward-looking statements, whether as a result of new information,
future events or otherwise. The foregoing risks and uncertainties
include the risks set forth under “Risks and Uncertainties” in
Savaria’s latest Annual MD&A as well as other risks detailed
from time to time in reports filed by Savaria with securities
regulators in Canada.
For further information: |
|
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Marcel BourassaPresident and Chief Executive
Officer1 (800) 661-5112mbourassa@savaria.com |
Stephen Reitknecht, CPA, CAChief Financial
Officer1 (800) 661-5112sreitknecht@savaria.com |
Nicolas RimbertVice President, Corporate DevelopmentPhone:
1 (450) 254-0115nrimbert@savaria.com |
www.savaria.com www.facebook.com/savariabettermobility
www.twitter.com/Mobilityforlife |
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