Savaria completed the acquisition of Handicare Group for $350m.

Savaria, which designs, engineers, and manufactures products for personal mobility, completed its acquisition of Handicare Group, which offers solutions and support to increase the independence of the physically challenged or elderly people, for $350m. Nordic Capital, which owns 62% of Handicare, voiced support for the offer. "Together, we will be well-positioned to become a world-leading company to answer the needs of this growing market. We believe that our Offer represents a compelling opportunity for the shareholders of Handicare, which is demonstrated by the fact that the major shareholder in Handicare supports our Offer and intends to sell at this price," Marcel Bourassa, Savaria President and CEO.