Mr. Sebastien Bourassa reports

SAVARIA ANNOUNCES THE ACQUISITION OF BAXTER RESIDENTIAL ELEVATORS

Savaria Corp. has completed the acquisition of substantially all the assets of Baxter Residential Elevators LLC (BRE), a leading dealer and installer of home elevators and lifts based in Frisco, Tex.

Founded in 2004, BRE has been a long-time Savaria dealer serving the Dallas-Fort Worth Metroplex and generated approximately $4-million (U.S.) ($5.5-million (Canadian)) in revenue in 2025. The company has established strong relationships with homebuilders throughout north Texas, particularly in the luxury residential segment, where demand for home elevators continues to grow. These relationships are supported by BRE's delivery of high-quality installation services across a wide range of custom projects.

The Dallas metropolitan area represents a strategically important market for Savaria, as Texas is among the fastest-growing states in the United States with significant residential and commercial construction activity under way. This transaction provides Savaria with a direct presence in this high-growth market and strengthens its ability to serve customers and partners in the region.

Richard D. (R.D.) Baxter, the founder and owner of BRE, will continue to lead the business as a division of Savaria, ensuring continuity for customers and employees.

"Building this company has been one of the great privileges of my career and I'm incredibly proud of what our team has achieved. Joining Savaria marks an exciting new chapter, one where we can grow faster and serve our customers even better. Savaria has always treated us like true partners and I'm confident that together we're positioned for long-term success," said Mr. Baxter.

"We are proud to welcome R.D. and his team to the Savaria family. This partnership represents an exciting opportunity, and we look forward to strengthening our presence and growing our home elevator market share in Texas," said Alexandre Bourassa, president, accessibility, North America.

About Savaria Corp.

Savaria is a global leader in the accessibility industry. It provides accessibility solutions for the physically challenged to increase their comfort, their mobility and their 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, including ceiling lifts and slings. The corporation operates a sales network of dealers worldwide and direct sales offices in North America, Europe (the United Kingdom, the Netherlands, Switzerland, Italy, Germany, Poland and Czech Republic), Australia and China. Savaria employs approximately 2,500 people globally and its plants are located across Canada, the United States, Mexico, Europe and China.

We seek Safe Harbor.