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Frasle Mobility has completed its acquisition of the spare parts division of Grupo KUO for 2.2 million pesos (USD 360 million). The deal includes manufacturing operations of Moresa, TF Victor, and Fritec brands in Mexico.
“Frasle Mobility completes acquisition of KUO Refacciones Mexico / Brazil – Vehicle parts and systems supplier, Frasle Mobility (Fras-le) of Caxias do Sul, RS, Brazil has completed its largest-ever acquisition, purchasing the spare parts division of Mexican conglomerate Grupo KUO for 2.2 million peso”truckandbusbuilder.com
Summarized from public sources; check the original articles before acting on it.