Savaria Acquires Vipal To Establish Elevator Manufacturing in Europe

Canada’s Savaria Corp. has announced the acquisition of all issued and outstanding shares of Vipal S.p.A., a manufacturer of residential lifts and elevators based in Ferentillo, Italy. The acquisition provides Savaria with elevator manufacturing capabilities in Europe, expanding its accessibility product offering through the addition of elevators and residential lifts. Savaria now has access to a scalable 64,600-ft² owned factory with vertically integrated operations, including in-house manufacturing of elevator shafts, cars, controllers and doors. This also adds a portfolio of elevator products fully compliant with European codes and standards. Founded in 1983, Vipal manufactures elevators, platform lifts and related metal structures and components for residential and commercial applications, primarily within the Italian market. Originally established as a metalworking business, the company has evolved into a fully integrated elevator manufacturer with approximately 50 employees.