Savaria Corporation ("Savaria") (TSX: SIS) announces today that it has closed its previously announced acquisition of all of the issued and outstanding shares of Garaventa Accessibility AG ("Garaventa Lift") for a total purchase price of CHF 74 million (or CAD$100 million), subject to customary post-closing adjustments (the "Transaction"). The combination of Savaria and Garaventa Lift will create an industry leader with a global foot print, a broad distribution network and one of the most comprehensive portfolios of accessibility products in the market today.

Savaria Corporation (TSX:SIS), one of North America's leaders in the accessibility industry, declared on August 22 a dividend of 3 cents ($0.03) per common share, in accordance with its monthly dividend policy, payable on September 17, 2018 to shareholders of record of the Corporation at the close of business on August 31, 2018. This is an eligible dividend within the meaning of the Income Tax Act.

Savaria Corporation (TSX:SIS), one of North America's leaders in the accessibility industry, discloses results for its second quarter ended June 30, 2018.