Savaria Acquires Matot Dumbwaiter and Material Lift Assets

Savaria Corp. announced it has acquired all the dumbwaiter and material lift assets of D.A. Matot, Inc. To ensure a seamless transition for customers, Matot will continue to manufacture products on behalf of Savaria during an interim period as manufacturing activities are progressively transferred to Savaria’s Brampton, Ontario, facility. Founded in 1888, Matot has become a leading North American supplier of lifts used for the movement of goods in commercial and industrial applications. Matot’s customer base includes current Savaria dealers, as well as large passenger elevator companies. In 2023, Matot’s dumbwaiter and material lift business generated US$6.3 million in revenue with US$1.1 million in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). The Kelair dampers business is not part of this transaction and remains with the Matot family.

Get more of Elevator World. Sign up for our free e-newsletter.

Please enter a valid email address.
Something went wrong. Please check your entries and try again.

Rendering of the outdoor elevator; image via The Japan News

Japan Castle To Get Outdoor Elevator

Inside the Chhatrapati Shivaji Maharaj International Airport; photo by Robert Polidori for SOM

Lack of Adequate VT Sparks Concern in Mumbai, India

The Alpha Matar team; image courtesy of Alpha Matar

Alpha Matar Signs Cooperation Protocol With Sunrise Hotels Group

Images courtesy of KONE

KONE Celebrates 115th Anniversary

SDSU PARKING ELEVATORS OPERATING WITH EXPIRED PERMITS

SDSU Parking Elevators Operating With Expired Permits

Grone

NEII Congratulates Grone on Retirement

SCHINDLER REFLECTS ON 2025 CHALLENGES, REWARDS

Schindler Reflects on 2025 Challenges, Rewards

Techno International Airport; image courtesy of Otis

Otis Provides 118 Units for New Cambodia Airport