Sale of Hyster NZ to Adaptalift Group
5 February 2025
Sale of Hyster NZ to Adaptalift Group
On Friday 31 January 2025, Sime Motors NZ announced it has entered into an unconditional sale and purchase agreement for the sale of its Hyster New Zealand business to Adaptalift Group. The transaction is scheduled to complete on 28 February 2025.
“When our parent company, Sime Darby Berhad acquired Toyota forklifts as part of the global purchase of UMW at the end of 2023, it had a downstream impact on our dealership agreement with Hyster Yale in New Zealand,” explained Michael Doeg, General Manager Sime Commercial Sales NZ. “We invested a lot of time selecting the right business to take Hyster New Zealand forward, with a key focus on offering attractive terms of employment for employees and a clear vision for the future. Adaptalift was the right fit on both counts.”
“Adaptalift is the largest privately owned and operated forklift company in Australia, with an existing base in New Zealand,” continued Doeg. “Since early 2024, our businesses have been working closely together to plan and execute a smooth transition. This is the start of an exciting new phase for Hyster New Zealand.”
Adaptalift has been the sole dealer for Hyster Yale in Australia since 2009. The family-owned business sells and leases forklifts, elevated work platforms and telemetry systems, and opened its first New Zealand branch in East Tamaki two years ago.
“We want to develop a deep understanding of where we can best add value to existing customers through product knowledge, technology solutions, and access to a wide parts inventory,” said Steven Taylor, Adaptalift Chief Executive Officer. “People are the heart of our business, so I am excited by the opportunity to welcome the whole Hyster New Zealand team to Adaptalift.”
“Hyster New Zealand is a strong business with deep customer relationships, great technical expertise and a nationwide footprint. Our initial focus is on supporting business continuity, working closely with the team and customers to ensure service levels are maintained and optimised."
For further information please contact:
Steven Taylor - Chief Executive Officer - Adaptalift Group
+61 408 350951 - staylor@aalgroup.com.au
Lynn Wrightson - Group Communications Manager - Sime Motors NZ
021 221 3722 - Lynn.wrightson@simemotors.co.nz
About Sime Motors NZ
Sime Motors NZ is part of Sime, a global trading and logistics group with operations in 18 countries employing a workforce of around 30,000 employees. In New Zealand, Sime Motors imports, distributes, sells and services a wide range of the world’s premium truck, transport and passenger vehicle brands. We also offer used vehicles and leasing solutions. Our New Zealand group represents over 23 brands and employs 1200 people. Together, we deliver the best products and solutions to help New Zealand move and develop.
About Adaptalift Group
Founded in 1979 Adaptalift Group has over 45 years of experience in forklifts, materials handling and fleet management solutions. One of Australia’s largest family-owned suppliers of forklifts and access equipment our 600+ dedicated staff members deliver exceptional service and support to businesses of all sizes. As the exclusive Australian dealer for brands including Hyster, Yale and Combilift forklifts and a national Karcher cleaning equipment dealership our product range allows us to singlehandedly offer customers comprehensive materials handling, access and industrial cleaning needs through our sales and rental solutions.
In Australia, our network of 14 branches provides a national footprint that allows us to service customers no matter their location. Our first New Zealand branch was established in East Tamaki in 2023.
https://www.adaptalift.com.au/about