Sime Darby Berhad to acquire Cavpower Group in Australia

Sime Darby Berhad announced its subsidiary Sime Darby Industrial Australia will acquire Cavpower Group, a Cat equipment distributor in South Australia and Broken Hill, NSW. The transaction is expected to finalize in coming weeks.

“The acquisition of Cavpower complements our existing portfolio and provides geographic expansion to position our Industrial division in high growth infrastructure and commodity areas of the Australian market.”sime.com

• 1 source
• sime.comSime Darby Berhad to acquire South Australia’s Cavpower Group - SimeAug 13, 2023

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