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Nikkei Markets

Sime Darby to buy Heavy Maintenance Group for $41.13 million

Purchase of Australian company to help add capacity, expand service offerings

Sime Darby's acquisition of Heavy Maintenance Group will allow the company to accept more orders in Australia where an uptick in the mining sector has boosted demand for its industrial equipment.   © Reuters

KUALA LUMPUR (Nikkei Markets) -- Malaysian automotive-and-industrial company Sime Darby said Tuesday it plans to acquire Australia-based Heavy Maintenance Group, or HMG for 58 million Australian dollars ($41.13 million), in a deal that will broaden overseas footprint and add to its capacity.

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