# Sime Darby unit plans to acquire Onsite Rental for RM1.9 billion

A unit of Sime Darby plans to acquire Australian firm Onsite Rental for RM1.9 billion, financed entirely through external borrowings on a cash-free and debt-free basis.

- Type: Acquisition
- Announced: 2023-03-02
- Where: Australia
- Value: $410.0M (1.90B MYR)
- Status: announced
- Products: rental equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sime Darby](https://endata.com/companies/15843.md) (acquirer)
- [Onsite Rental Group](https://endata.com/companies/39865.md) (target)

## Sources

- [thestar.com.my](https://www.thestar.com.my/business/business-news/2023/03/03/sime-unit-plans-to-acquire-aussie-firm-onsite-rental-for-rm19bil), 2023-03-02: "The price, which will be financed entirely through external borrowings, was agreed on a cash-free and debt-free basis."
- [miragenews.com](https://www.miragenews.com/minterellison-advises-onsite-on-635-million-sale-981346/), 2023-04-04: "We congratulate the parties on achieving this milestone transaction in challenging economic conditions."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.