Dec 14 (Reuters) - Savaria Corp SIS.TO :
* SAVARIA ENTERS THE AUSTRALIAN MARKET WITH THE PURCHASE OF MASTER LIFTS
* SAVARIA CORP - ACQUIRED THROUGH UNIT ALL OF ASSETS OF MASTER LIFTS AUSTRALIA PTY LTD FOR A PURCHASE PRICE OF AUD $3 MILLION
* SAVARIA CORP - IN ADDITION TO PURCHASE PRICE, MASTER LIFTS HAS POTENTIAL TO EARN FURTHER AUD$1 MILLION OVER 2-YEAR PERIOD ON ACHIEVEMENT OF SOME METRICS
* SAVARIA - ACQUIRED BUSINESS EXPECTED TO GENERATE REVENUE OF ABOUT AUD $8 MILLION IN 2018 AND AUD $10 MILLION IN 2019
* SAVARIA CORP - ACQUIRED BUSINESS IS EXPECTED TO HAVE EBITDA MARGIN BETWEEN 15% IN 2018 AND 17% IN 2019