Sime Darby acquires Australian B2B equipment rental firm for RM1.92bil

KUALA LUMPUR: Sime Darby Bhd's wholly-owned subsidiary Sime Darby Allied Operations Pty Ltd will acquire Onsite Rental Group Ltd, a market-leading provider of business-to-business equipment rental solutions, for A$635mil (RM1.92bil)

In a statement, the group said Onsite Rental caters for blue-chip customers across a range of industries in the Australian market including resources, energy, industrial and commercial.