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.)