Logo of Service Equipment Co.
Service Equipment Co. signed today, Feb. 16, an exclusive distribution agreement with Italy-based Ravaglioli S.p.A, a subsidiary of Vehicle Service Group (VSG) and owner of the RAVAGLIOLI brand, granting it sole rights to distribute the brand’s products in Saudi Arabia.
The agreement covers a full range of vehicle service and maintenance equipment, including vehicle lifts, wheel balancers, wheel alignment systems, vehicle inspection lines, tire and wheel service equipment, and more, the company said in a Tadawul filing.
The three-year contractual value is tied to the volume and price of products procured during its tenure.
The company expects the agreement to have a positive financial impact depending on sales and confirmed no related parties are involved.
The deal aligns with its expansion strategy, enhances its presence in the Saudi market through a partnership with a leading European manufacturer, broadens its product offering, and strengthens its competitiveness in the automotive equipment and services sector.
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