Sime Darby Motors establishes BMW foothold in Australia
Kuala Lumpur, 2 December 2013 – Sime
Darby Motors, the automotive arm of Sime
Darby Berhad, has signed agreements to clinch
its first BMW dealership in Australia, making
its entry into the luxury market in Australia
where it already has a presence through
The acquisition of the BMW dealership in
Australia will expand Sime Darby Motors’
footprint as a BMW distributor and dealer
in the Asia Pacific region, where it already
has a strong presence in eight countries.
Sime Darby Motors has signed agreements
with several parties on 29 November 2013
to acquire a 70% stake in Brisbane BMW Group
consisting of LMM Holdings Pty Ltd and Brisbane
BMW Unit Trust as well as 100% proprietorship
rights of land and buildings owned by its
shareholders for a purchase consideration
of RM238.4 million (AUD80.7 million).
The Brisbane BMW Group currently has two
BMW dealerships, one Mini dealership and
one Lamborghini dealership.
The Brisbane BMW Group is one of the best
performing BMW dealerships in Australia
with a strong customer base.
Sime Darby via Sime Darby Motors (SDM) Australia
already has Peugeot and Citroen distribution
businesses and a Porsche dealership, which
are based in Sydney, New South Wales.
With the acquisition, SDM Australia will
have the opportunity to penetrate the Brisbane
market. Seventy five percent of the annual
one million vehicle sales in Australia is
generated from New South Wales, Victoria
and Queensland. The focus of growth for
SDM Australia will be in the metropolitan
areas of Sydney, Melbourne and Brisbane.
“The acquisition will allow us to further
consolidate our position in the luxury segment
in Australia. As a major regional automotive
group, we have been exploring expansion
opportunities in new and existing markets.
Adding BMW to our existing operations in
Australia adds a feather to our cap and
will enable SDM Australia to significantly
expand the existing retail business in the
country and penetrate the Brisbane market,”
said Dato’ Lawrence Lee, Managing Director
of Sime Darby Motors.
The acquisitions, which are expected to
be completed by end of February 2014, are
subject to certain conditions which include,
among others, the consent of the Foreign
Investment Review Board, BMW Australia Limited
and Automobili Lamborghini S.p.A.
Sime Darby Motors is one of the largest
BMW dealer groups in the world, with a network
that spans eight countries including China,
Thailand, Singapore and Malaysia. The Division
is also the third biggest profit contributor
to the Sime Darby Group for the year ended
30 June 2013, after the Plantation and Industrial
For further information, please contact:
acorn communications sdn bhd
Natalia Ghani / Lilyza Joehai
Tel: +60 3 7958 8348
Mobile: +60 12 231 4782 / +60 19 6643 838
Sime Darby Berhad
Ahmad Shahriman Johari
Head, External Communications
Tel: +60 3 2711 0923
Fax: +60 3 2698 0645
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