SAO PAULO, June 24 (Reuters) - Brazilian auto parts

producer Frasle Mobility said on Monday it has agreed

to buy Mexican auto spare parts distributor Dacomsa from

Mexico's Grupo Kuo S.A.B de C.V. for 2.1 billion reais

($389.5 million).

CEO Sergio Carvalho told analysts in a call the deal would

be the largest acquisition ever made by Frasle Mobility or its

controlling shareholder Randoncorp.

With the deal, Frasle Mobility, formerly known as Fras-le,

said it would also acquire the Dacomsa-owned Kuo Motor and

Fritec firms, as well as some tangible and intangibles assets

related to those companies, according to a securities filing.

The companies Frasle Mobility will acquire had a total net

revenue of about 1.4 billion reais in 2023, it added.

Frasle Mobility also expects to earn some 300 million reais

with synergies to be generated from the deal - as measured by

earnings before interest, taxes, depreciation and amortization

(EBITDA) - in a five-year period, a presentation by the firm

showed.

"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," Frasle Mobility said.

The acquisition will be made through two subsidiaries in

Mexico and North America, according to Frasle Mobility.

($1 = 5.3928 reais)

(Reporting by Andre Romani and Patricia Vilas Boas; Editing by

Aida Pelaez-Fernandez, Brendan O'Boyle and Lincoln Feast.)