Stellantis has acquired 70% of the controlling interest in Brazilian automotive services company, DPaschoal.
It comes as the automaker moves to expand its presence in Latin America.
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DPaschoal offers products and services for light, heavy and agricultural vehicles.
It has 2,800 employees and closed 2023 with revenue of R$2.6 billion.
Emanuele Cappellano, president of Stellantis for South America said: “We move forward as a mobility tech company, a company capable of meeting all the mobility and service needs of our customers.”
Luís Norberto Pascoal will maintain the remaining 30% of the company’s shares and stays vice-president of the board of directors.
Paulo Solti, vice president of Parts and Services at Stellantis South America said: “Brazil is one of the most promising automotive markets in the world and, for this reason, Stellantis has established a regional expansion plan in order to increase its customer service capacity throughout its journey.”
The auto parts market generated more than R$96 billion in South America in 2022.
In Brazil, the sector transacted more than R$61 billion in the period. Of that, some 20% corresponds to original parts (OEM) and 80% to parts from independent manufacturers in the replacement and aftersales market.
