Sime Darby Berhad has announced that its wholly-owned subsidiary, Sime Darby Allied Operations Pty Ltd, will acquire Onsite Rental Group Ltd for A$635 million. Onsite is a market leading provider of business to business equipment rental solutions to blue chip customers across a range of industries in the Australian market including resources, energy, industrial and commercial.
“Sime Darby is strategically positioning itself to capture demand across the resources, infrastructure and energy sectors. The Onsite acquisition complements our existing portfolio and provides geographic expansion to position our Industrial division in high growth areas of the Australian market,” Sime Darby Berhad Group Chief Executive Officer Dato’ Jeffri Salim Davidson said.
Onsite employs more than 500 people through a network of over 30 branches across Australia providing dry hire solutions and industry leading ‘Digital Rental Management’ solutions. It has a large and diverse fleet of over 60,000 assets providing diversification to Sime Darby’s industrial rental equipment offerings across a broad range of industries in Australia.
“We are very pleased to have retained Onsite’s strong management team and look forward to working with them to build on its leadership in the mining and construction equipment rental market,” Dato’ Jeffri added.
“Sime Darby is a natural fit for Onsite, and we are thrilled to be joining forces to build on our great success in the Australian market. With this backing, Onsite can invest into adjacencies, achieve supply chain efficiencies, expand into new markets and enhance our offering to accelerate growth and contract wins,” Onsite Chief Executive Officer Mike Foureur said.
Having partnered with major mining corporations for many years, Onsite says it has modelled much of its business around the ever-changing needs of the industry. “We understand the industry’s demands from a safety and innovation perspective, and provide expert service tailored to Australia’s mining businesses. We remain flexible, knowing that no two sites are the same, and focus on understanding your specific operational pain points, how we can alleviate them and we can add value to your project or processing operation. Our industry leading digital portals provide complete visibility and usage information to make sure every hire is an efficient hire.”
Onsite’s ‘Branch-in-a-Box™’ enables it to service customers in remote locations. “We can ‘pop-up’ wherever and whenever we are needed, reducing overheads, but still providing high quality, essential services wherever you operate. Our service and maintenance is committed to delivering expert asset service staff and 24/7 assistance as standard.”
In addition, Onsite’s remote monitoring tool, ONTRAK™, allows mining operations to manage site equipment hires, logistics and labour requirements resulting in smarter asset utilisation and maximising labour efficiencies. ONTRAK™ it says gives customers real time visibility of on-hire equipment, location, and utilisation hours per day, off-hire/extension requests.