# Sime Darby to acquire Cavpower dealership for A$500M

Sime Darby Bhd's indirect wholly owned unit SDIMA signed a share sale agreement to acquire Kuxton Pty Ltd and 98.9% of Kagera Pty Ltd, which operates the South Australian Caterpillar dealership Cavpower, for A$500 million.

- Type: Acquisition
- Announced: 2023-08-15
- Where: South Australia, Australia
- Value: $320.0M (500.0M AUD)
- Status: announced
- Products: Caterpillar equipment dealership
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Caterpillar](https://endata.com/companies/1968.md) (supplier)
- [Sime Darby](https://endata.com/companies/15843.md) (acquirer)
- [Cavpower Group](https://endata.com/companies/72029.md) (target)
- [Kuxton Pty Ltd](https://endata.com/companies/72061.md) (target)
- [Kagera Pty Ltd](https://endata.com/companies/72062.md) (target)

## Sources

- [niagatimes.com](https://www.niagatimes.com/sime-darby-in-acquisition-bid/), 2023-08-15: "SDIMA has signed a share sale agreement or SSA to acquire the entire share capital of Kuxton Pty Ltd and a 98.9 percent capital of Kagera Pty Ltd for A$500 million or RM1.49 billion at the prevailing currency exchange rate."
- [themalaysiavoice.com](https://themalaysiavoice.com/2023/08/17/sime-darby-in-acquisition-bid/), 2023-08-17: "SDIMA has signed a share sale agreement... to acquire the entire share capital of Kuxton Pty Ltd and a 98.9 percent capital of Kagera Pty Ltd for A$500 million."

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