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Fras-le announced on December 17, 2019, that it has acquired full control of Nakata Automotiva, a Brazilian manufacturer of auto parts for light and heavy vehicles and motorcycles, for BRL 457 million. The acquisition includes operations in São Paulo and Minas Gerais and is expected to close in Q2 2020.
“Through Nakata, Fras-le is adding suspension, steering and powertrain items to products from the braking system already part of the current portfolio, which can significantly increase its penetration into the domestic spare parts market.”fras-le.com
Summarized from public sources; check the original articles before acting on it.