KUALA LUMPUR: Sime Darby Bhd
's subsidiary Sime Darby (NZ) Holdings Ltd has entered an agreement to acquire the company that owns New Zealand's Caterpillar dealership from Gough Holdings Ltd for NZ$211mil (about RM572mil).
In a statement issued today, Sime Darby said the acquisition target, Gough Group Ltd, has one of the oldest Caterpillar dealerships outside of the US as well as transport and materials handling businesses in New Zealand and Australia.
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