Frasle Mobility to buy Dacomsa from Grupo Kuo for $389 million

Brazilian auto parts producer Frasle Mobility agreed to acquire Mexican auto spare parts distributor Dacomsa and related firms from Grupo Kuo for 2.1 billion reais ($389.5 million). The deal includes Dacomsa, Kuo Motor, Fritec, and related assets.

“The acquisition is part of the company's strategy of internationalizing its business in the spare parts sector, through product diversification and brand expansion in its portfolio.”marketscreener.com

• 3 sources
• marketscreener.comBrazil's Frasle Mobility to buy Grupo Kuo's Dacomsa for $389 millionMarketScreenerJun 24, 2024
• tyt.com.mxLa brasileña Frasle Mobility adquiere las operaciones de Grupo KUO | Revista TyTAlberto GómezJun 24, 2024
• powersys.comFrasle Mobility To Buy Mexican Kuo’s Dacomsa for $389 Million | Power Systems ResearchFabio FerraresiJul 15, 2024

Summarized from public sources; check the original articles before acting on it.