Some business expansion-related news. Sime Darby Motors (SDM) is set to increase its presence in Australia – the company, which already distributes the Peugeot and Citroen brands and operates a Porsche dealership in the country, is in the process of acquiring its first BMW dealership there.
The deal will see SDM Australia taking a 70% stake in Brisbane BMW Group, comprising LMM Holdings and Brisbane BMW Unit Trust as well as 100% proprietorship rights of land and buildings owned by its shareholders, for a purchase consideration of AUD$80.7 million (RM238.4 million). The acquisitions are expected to be completed by end of February next year.
The Brisbane BMW Group currently has two BMW, one Mini and one Lamborghini dealerships, and the addition to the fold expands SDM’s footprint as a BMW distributor and dealer in the Asia Pacific region, where it already has a strong presence in eight countries.
BMW iX3
from RM378,800 
BMW M3 Touring
from RM898,800 
BMW iX1 L
from RM252,800 
BMW iX
from RM425,800 
BMW X3
from RM325,800 
BMW M5
from RM1,200,800 
BMW M4 Coupe
from RM878,800 
BMW 2 Series Gran Coupe
from RM173,800 
BMW 3 Series
from RM267,800 
SD’s BMW distributionship is already world’s third largest!
sime darby’s auto connexxion branch is doing a disgustingly bad job with its aftersales network for ford, vw, alfa and land rover in our country..
now without rectifying the issues at home they wanna spread their wings outside?
will the service continue to be crap? or will sime darby treat the mat sallehs like gods as post colonial hangover asians usually do?
its sad that it is in our culture to ensure that the mat sallehs get treated real nice but we ensure that our own fellow countrymen get treated like dogs.
Nice news we got here. That’s why I love BMW.
Jessy
Eh, I thought both Peugeot & Citroen brands are under Naza Group.
…”Sime Darby Motors (SDM) is set to increase its presence in Australia – the company, which already distributes the Peugeot and Citroen brands and operates a Porsche dealership in the country,….”