New Owners for Hyster NZ
15 October 2019
In October 2019 the Gough Group along with Hyster NZ was acquired by Sime Darby Berhad. Sime Darby Berhad is a Malaysia-based, listed company, with more than 20,000 employees and operations in 18 countries and territories across the Asia Pacific region.
Sime Darby Berhad operates four core businesses in key growth sectors: Industrial, Motors, Logistics and Healthcare. The Gough Group businesses are currently transitioning into the Industrial (Terra Cat) and Motors (all other business units including TWL) areas.
The Board and shareholders agreed that transferring ownership to a new owner with the capital and capability to strengthen the business was in the company’s best interests.
We are confident that Sime Darby’s ownership will strengthen the outlook for the business, enhance service to customers and improve opportunities for our team.
Although the Gough family was sad to see the end of an almost 100-year legacy of Gough family ownership, we can be excited about the future direction of the business.
You can expect a smooth transition as both our new owners and our team collaborate and remain committed to a high standard of support for your business. This means the current way the business operates will not change significantly.
In the meantime, it absolutely remains business as usual in terms of our relationship with you.
We would like to recognise that you, our valued customers, are at the centre of our aspirations for the future. Through the delivery of our exceptional brands and the dedication of our team to your team, we remain committed to your success for many years to come.
Executive General Manager – Transport Australia and New Zealand - Sime Darby Transport (NZ) Ltd