Savaria Corp
Savaria Corporation (TSX: SIS) designs, manufactures, and distributes accessibility products including stairlifts, platform lifts, home elevators, and patient handling equipment for elderly and mobility-challenged individuals across North America, Europe, and Australia.
- Company typePublic
- Founded1979
- HeadquartersBrampton, Canada
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Savaria Corp does
Savaria Corporation (TSX: SIS) is a global accessibility solutions provider founded in 1979 and headquartered in Laval, Quebec, Canada. The company designs, manufactures, and distributes products that enable mobility and independence for elderly individuals and people with physical challenges. Its core product portfolio includes stairlifts, platform lifts, home elevators, and patient mechanical lift handling equipment for medical and care facility environments. Savaria employs approximately 2,500-2,550 people globally and operates across North America, Europe, and Australia.
The company combines in-house manufacturing with a network of owned dealer and direct store operations. Following the 2026 acquisition of Vipal S.p.A., Savaria operates a 64,600 sq. ft vertically integrated elevator manufacturing facility in Ferentillo, Italy, producing components for residential lifts compliant with European codes. Distribution reaches end customers through regional dealer businesses retained post-acquisition, including Western Elevator (British Columbia), Baxter Residential Elevators (Texas), and historical acquisitions such as Handicare and Garaventa Lift, which together cover the U.S., Canadian, European, and Australian markets.
Revenue is generated primarily through hardware sales of accessibility equipment to mid-market residential customers, luxury homeowners investing in aging-in-place solutions, and healthcare or care facility buyers of patient handling equipment. Pricing is not publicly disclosed and products are sold through dealer relationships and direct sales. Management's Savaria One operational improvement plan lifted adjusted EBITDA margins from approximately 15% to roughly 20% in 2025, and the company has publicly targeted CAD 1.6 billion in revenue and CAD 320 million in adjusted EBITDA by 2030, implying a roughly 12% annual revenue growth rate funded by a combination of organic expansion and continued bolt-on acquisitions.
Savaria Corp firmographics
Firmographics- Name
- Savaria Corp
- Legal name
- Savaria Corporation
- Website
- https://savaria.com
- Company type
- Public
- Founded year
- 1979
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Savaria Corporation (TSX: SIS) designs, manufactures, and distributes accessibility products including stairlifts, platform lifts, home elevators, and patient handling equipment for elderly and mobility-challenged individuals across North America, Europe, and Australia.
- Ownership category
- akta.pro rank
Savaria Corp industry classification
Industry- Product category
- Accessibility and Mobility Equipment
- NAICS
- Elevator and Moving Stairway Manufacturing (333921)
- akta.pro primary industry
- Stair Lifts, Platform Lifts & Residential Elevator Services (HSABAJAD)
- akta.pro secondary industries
- Stair Lifts & Residential Platform Lifts (HSAPANAC), Home Mobility & Accessibility Equipment (Ramps, Stair Lifts, Transfer Aids) (HSABAKAB), Patient Lifts, Transfer & Safe Handling Equipment (Hoists, Slings, Transfer Boards) (HLAHAMAE)
Keywords
Where Savaria Corp is headquartered
LocationHeadquarters
- HQ city
- Brampton
- HQ country
- Canada
- HQ region
- North America
Offices5 records
Markets served
Savaria Corp business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Accessibility Equipment Sales: Manufacturing and distributing accessibility products including stairlifts, platform lifts, and home elevators across North America and Europe
- Residential Lifts and Elevators: Residential elevator and lift products including those compliant with European codes through Vipal acquisition
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
Savaria Corp product offering
Product offeringCore offering
Savaria Corporation designs, manufactures, and distributes physical accessibility and mobility solutions including stairlifts, platform lifts, home elevators, and patient mechanical lift handling equipment. The company serves aging populations, individuals with disabilities, and the luxury residential market through a combination of direct manufacturing and a global dealer and direct store network across North America, Europe, and Australia.
Product overview
Savaria Corp is a global accessibility solutions provider offering a comprehensive portfolio of physical accessibility and mobility products. The core product portfolio includes stairlifts, platform lifts, home elevators, and medical products (patient lifting equipment). The company operates as both a manufacturer and distributor through a dealer and direct store network across North America, Europe, and Australia. Growth strategy combines organic expansion with acquisitions, having acquired Vipal S.p.A. (European residential lifts and elevators manufacturer), Western Elevator Ltd. (Canada's West Coast dealer), and Baxter Residential Elevators (Texas dealer) to expand geographical presence and manufacturing capabilities.
Differentiator
Problem solved
Functional benefit
Products and services
- Stairlifts
Quantifiable outcome
- 12% annual revenue growth targeting CAD 1.6 billion by 2030
- +2 more outcomes
Companies that use Savaria Corp
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles2 records
Savaria Corp technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Savaria Corp partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Vipal S.p.A.coreSavaria acquired all outstanding shares of Vipal S.p.A., an Italian manufacturer of residential lifts and elevators founded in 1983. Vipal operates a 64,600 sq. ft vertically integrated factory with approximately 50 employees and generated trailing 12-month sales of approximately €8.2 million. This acquisition establishes Savaria's elevator manufacturing capabilities in Europe with products fully compliant with European codes.
- Baxter Residential ElevatorscoreSavaria acquired substantially all assets of Baxter Residential Elevators, a home elevator dealer and installer based in Frisco, Texas. The company generated approximately $4 million in revenue in 2025 and will operate as a division of Savaria. Founder Richard Baxter will continue to lead the business, strengthening Savaria's presence in the Dallas-Fort Worth Metroplex luxury residential market.
- Western Elevator Ltd.coreSavaria acquired Western Elevator Ltd., a home elevator and lift dealer based in Coquitlam, British Columbia. Western generated approximately $7.5 million in revenue in 2024 and will operate as a division of Savaria. The owners will continue in leadership roles, expanding Savaria's presence on Canada's West Coast.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
Savaria Corp competitors and assessment
Company assessmentDirect peers
- Handicare: Previously an independent direct competitor in stairlifts and accessibility solutions across Europe and North America; Savaria acquired Handicare in 2021 for ~$353M, making it the closest historical peer and now an internal business unit.
- Stannah Group: UK-based family-owned manufacturer of stairlifts, platform lifts, and home elevators with strong European distribution. Highly comparable in product portfolio (stairlifts, home lifts) and aging-customer focus.
- Acorn Stairlifts: One of the world's largest stairlift manufacturers and direct-to-consumer specialists, headquartered in the UK with significant North American presence. Direct competitor in Savaria's core stairlift category.
- Bruno Independent Living Aids: US-based manufacturer of stairlifts, scooter lifts, and vehicle lifts for accessibility. Comparable in product mix (stairlifts, vertical platform lifts) and dealer-driven distribution to seniors and individuals with disabilities.
- Harmar Mobility: US manufacturer of stairlifts, vertical platform lifts, and mobility equipment. Overlaps directly with Savaria's accessibility equipment portfolio and dealer-based go-to-market model.
Broad incumbents
- Otis Worldwide: Global elevator and escalator OEM with broader commercial focus but growing residential elevator presence. Comparable technology base and global scale, though commercial skew differs.
- KONE Corporation: Major global elevator and escalator company with residential elevator offerings. Comparable manufacturing and installation capability, though far broader in scope than Savaria's accessibility focus.
- Schindler Group: Global elevator and escalator manufacturer and service provider. Overlaps with Savaria in residential elevators and accessibility, but operates a much broader commercial portfolio.
- Thyssenkrupp Access (TK Elevator): German elevator and accessibility solutions group. Directly competes in platform lifts, stairlifts, and home elevators through its accessibility business unit alongside broader commercial elevator operations.
Emerging players
- Pride Mobility Products: US-based mobility products manufacturer (power chairs, scooters, lift chairs) targeting aging and disabled consumers. Adjacent peer sharing Savaria's customer base and dealer network, though focused on mobility aids rather than vertical accessibility.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Savaria Corp social profiles
Digital presenceSavaria Corp financial estimates
Financial estimateRevenue estimate
Valuation estimate
Savaria Corp leadership team
Management profileNumber of profiles
Profiles10 records
Savaria Corp subsidiaries and ownership
Company hierarchySubsidiaries3 records
Savaria Corp funding detail
Funding detailFunding overview
Funding rounds7 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Savaria Corp M&A and investment
M&A and investmentM&A13 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Savaria Corp
What does Savaria Corp do?
Savaria Corporation designs, manufactures, and distributes physical accessibility and mobility solutions including stairlifts, platform lifts, home elevators, and patient mechanical lift handling equipment. The company serves aging populations, individuals with disabilities, and the luxury residential market through a combination of direct manufacturing and a global dealer and direct store network across North America, Europe, and Australia.
Is Savaria Corp a public or private company?
Savaria Corp is a public company. It is classified as public and is currently operating.
When was Savaria Corp founded?
Savaria Corp was founded in 1979. It employs 1,001 to 5,000 people.
Where is Savaria Corp based?
Savaria Corp is headquartered in Brampton, Canada, in the North America region.
How does Savaria Corp make money?
Two revenue lines are on record. Accessibility Equipment Sales are the primary driver. The others are residential Lifts and Elevators.
Who are Savaria Corp's main competitors?
Direct peers on record are Handicare, Stannah Group, Acorn Stairlifts, Bruno Independent Living Aids and Harmar Mobility. Broad incumbents are Otis Worldwide, KONE Corporation, Schindler Group and Thyssenkrupp Access (TK Elevator). Pride Mobility Products is listed as an emerging player.
Does Savaria Corp have an API?
No public API is recorded for Savaria Corp.
What industry is Savaria Corp in?
Savaria Corp's product category is Accessibility and Mobility Equipment. Its primary akta.pro industry code is HSABAJAD, Stair Lifts, Platform Lifts & Residential Elevator Services, with a secondary code of HSAPANAC, Stair Lifts & Residential Platform Lifts. Its NAICS code is 333921.