July 10 (Reuters) - Savaria Corp SIS.TO :
* SAVARIA TO ACQUIRE GARAVENTA LIFT AND CREATE A GLOBAL LEADER IN ACCESSIBILITY
* SAVARIA CORP - DEAL FOR A TOTAL PURCHASE PRICE OF APPROXIMATELY CHF 74 MILLION
* SAVARIA CORP - TRANSACTION WILL BE FUNDED THROUGH A COMBINATION OF CASH ON HAND AND CORPORATION'S LINE OF CREDIT
* SAVARIA - ENTERED INTO AGREEMENT WITH GARAVENTA ACCESSIBILITY AG PURSUANT TO WHICH CO WOULD ACQUIRE ALL OF ISSUED & OUTSTANDING SHARES OF GARAVENTA LIFT