Fras-le announced plans to acquire the operations of AML Juratek, the parent company of Juratek and BettaParts, which operate in the UK and European aftermarket, with lines of braking products such as discs, brake pads, calipers and actuators. Fras-le said it intends to invest about US$ 22 million (£ 18.2 million) in the acquisition.
Fras-le will continue to work in the European market with the Juratek and BettaParts brands and will receive the reinforcement of the other iconic brands of the company in the global market, such as Fras-le and Fremax, expanding business possibilities. In 2022, AML Juratek recorded revenues of approximately £25 million.
The acquisition is added to Fras-le’s global structure of operations, currently present with industrial units in Brazil, the United States, China, Argentina, Uruguay and India, as well as distribution, technology and development centers and commercial representations to serve customers in more than 120 countries on five continents.
In Europe, Fras-le already operates with a distribution center in the Netherlands and a commercial office in Germany.
Source: Automotive Business Read The Article
PSR Analysis: Despite the relatively small investment, the move allows Fras-le to access an important market and gain mature market channels and reputation. With international business support, strong R&D and competitiveness, Fras-le could repeat the success of international expansion in other markets, such as the USA and India. PSR
Fabio Ferraresi is Director of Business Development-South America for Power Systems Research
