Terex to sell tower, rough terrain cranes businesses

Terex to sell tower, rough terrain cranes businesses

Milan, Italy – September 2, 2025 – Raimondi Cranes, a heritage manufacturer of heavy lifting solutions, has announced a strategic acquisition of key businesses from US-based Terex Corporation. The acquisition includes Terex Tower Cranes, Terex Self-Erecting Cranes, and Terex Rough Terrain Cranes, along with the US-based support unit, marking a significant expansion of Raimondi's product portfolio [1].

The transaction, which will see around 250 employees join Raimondi Group, broadens Raimondi's offerings in luffing jib cranes and tower cranes, while also expanding into self-erecting and rough terrain cranes. This move is part of a wider development plan aimed at capturing a larger share of the global heavy lifting sector [1].

The acquisition combines Raimondi's Italian engineering legacy with Terex's innovative applications and established market presence, offering clients a comprehensive product lineup designed to meet the evolving demands of the construction and heavy lifting sectors [1].

Luigi Maggioni, Chief Executive Officer of Raimondi Group, commented, "This transformative move marks the most significant acquisition in Raimondi's history, representing a milestone into our journey to become a full-fledged global lifting conglomerate. By integrating Terex's range of tower and rough terrain cranes, we are creating synergies that enhance our ability to deliver a broader range of lifting solutions, paving the way for sustainable, accelerated growth" [1].

Simon Meester, President and Chief Executive Officer at Terex Corporation, expressed his satisfaction with the deal, stating, "We believe the Tower and Rough Terrain cranes businesses will benefit by becoming part of an Italian-based, global specialty crane company. During the transition to Raimondi, our team is committed to servicing and supporting our customers seamlessly" [1].

The acquisition is expected to close in the third quarter of 2025, subject to market regulatory approvals. Raimondi Cranes, headquartered in Milan, Italy, is a heritage manufacturer of scalable heavy lifting solutions with a legacy rooted in Italian engineering excellence. Founded in 1863, Raimondi has established a global presence, delivering more than 17,000 cranes to clients across continents [1].

Raimondi Cranes is committed to ensuring a seamless integration process, prioritizing continuity for Terex employees and customers while elevating the overall experience through expanded resources and capabilities. The combined entity, which will bring Raimondi's total workforce to approximately 400 employees, will focus on delivering solutions to the most demanding lifting requirements, further cementing its position as a trusted partner in the industry [1].

References:
[1] https://www.prnewswire.com/news-releases/raimondi-cranes-to-acquire-terex-tower-cranes-terex-self-erecting-cranes-terex-rough-terrain-cranes-and-us-based-support-unit-from-terex-corporation-302541897.html