Sime Darby now owns 100% of UMW

Jeffri said the group’s foremost priority now is to complete the integration of UMW into the wider Sime Darby ecosystem.

PETALING JAYA: Sime Darby Bhd has completed its acquisition of UMW Holdings Bhd yesterday, with the latter effectively becoming its wholly-owned subsidiary.

Sime Darby group chief executive officer Datuk Jeffri Salim Davidson said the group’s foremost priority now is to complete the integration of UMW into the wider Sime Darby ecosystem.

“Leveraging our collective strengths, especially in the automotive and industrial sectors, this will enable us to reinforce our competitive edge and expand our domestic footprint to further drive long-term growth,” he said in a statement.