Sime Darby to buy Australian industrial equipment firm HMG for $41m

Sime Darby to buy Australian industrial equipment firm HMG for $41m

Kuala Lumpur, Malaysia. Photo: Pixabay

Malaysian conglomerate Sime Darby Bhd has, through its subsidiary Sime Darby Industrial Australia, proposed to acquire Brisbane-based industrial equipment firm Heavy Maintenance Group (HMG) for A$58-million ($41 million), it said in a statement on Tuesday.

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