Sime Darby Bhd has significantly strengthened its position as a leading Malaysian automotive distribution, sales and aftersales services provider following the completion of the acquisition of a majority stake in UMW Holdings Sdn Bhd in December.
Sime Darby is a Malaysian conglomerate with operations in seven countries, including distribution and sales of construction and industrial machinery for brands such as Caterpillar, contract manufacturing, engineering and aerospace services.
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In the automotive segment the company is a distributor and dealer of premium brands such as Porsche, BMW-Mini, Volvo and Jaguar Land Rover, and has a growing number of volume brands including Hyundai, Ford, BYD and Chery Automobile. With the acquisition of a 63% stake in UMW Holdings, Sime Darby became the distributor of Toyota in Malaysia as well as for Perodua – the country’s largest automotive manufacturer attached to Japan’s Daihatsu Motor. This makes it the country’s largest vehicle distributor, accounting for a significant proportion of the local vehicle market – estimated at over 50%.
