As previously reported, DRI concluded the acquisition of its remaining 50 percent interest in Mobitec Brazil in fourth quarter 2009 when the purchase was officially registered with the Brazilian government. Its 100 percent ownership of Mobitec Brazil was established on July 1, 2009.
DRI subsidiary wins major South American contract
Mobitec AB subsidiary in Herrljunga, Sweden, through the Mobitec Brazil Ltda subsidiary in Caxias do Sul, Brazil, signed a supply agreement with a major bus vehicle manufacturer in South America.