# 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.

- Type: Acquisition
- Announced: 2023-08-14
- Where: South Australia and Broken Hill, New South Wales, Australia
- Status: announced
- Products: Cat equipment, parts, service, technology solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sime Darby Berhad](https://endata.com/companies/56286.md) (acquirer)
- [Cavpower Group](https://endata.com/companies/72029.md) (target)

## Sources

- [sime.com](https://www.sime.com/media/news-release/2023/08/sime-darby-berhad-to-acquire-south-australias-cavpower-group/), 2023-08-13: "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."

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