Business
Raimondi Cranes to Acquire Terex Tower Cranes, Terex Self-Erecting Cranes, Terex Rough Terrain Cranes and US-Based Support Unit from Terex Corporation
Raimondi Cranes, Italian heritage manufacturer of intelligently designed heavy lifting solutions, has entered into a definitive agreement to acquire key lifting businesses from US-based Terex Corporation.
About this update from Terex Corporation
[{"type":"text","content":"Strategic acquisition broadens Raimondi's product portfolio and strengthens its leadership in the global heavy lifting industry.","length":137,"tagName":"p"},{"type":"text","content":"MILAN, Sept. 2, 2025 /PRNewswire/ -- Raimondi Cranes, Italian heritage manufacturer of intelligently designed heavy lifting solutions, has entered into a definitive agreement to acquire key lifting businesses from US-based Terex Corporation.","length":241,"tagName":"p"},{"type":"image","alt":"Raimondi Cranes to Acquire Terex Tower Cranes, Terex Self-Erecting Cranes, Terex Rough Terrain Cranes and US-Based Support Unit from Terex Corporation","displaySize":"","headline":null,"caption":"Raimondi Cranes to Acquire Terex Tower Cranes, Terex Self-Erecting Cranes, Terex Rough Terrain Cranes and US-Based Support Unit from Terex Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":208,"url":"https://media.zenfs.com/en/prnewswire.com/433c2f90f4c1e1a65a3596106b79e52c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/yV0LOS09dQ6JJ.fz5s.sRQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM2NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/433c2f90f4c1e1a65a3596106b79e52c","width":400,"height":208}},"href":"https://mma.prnewswire.com/media/2760053/Raimondi_Cranes_Acquire_Terex_Tower_Cranes.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Operating under the umbrella of Arada Industries, which is owned by Arada Group, Raimondi Cranes is set to acquire Terex Tower Cranes, Terex Self-Erecting Cranes and Terex Rough Terrain Cranes, alongside its US-based robust after-sales and service infrastructure.","length":263,"tagName":"p"},{"type":"text","content":"This transaction broadens Raimondi's offerings in terms of luffing jib cranes and tower cranes, while expanding the company's scope to include new business lines, such as self-erecting and rough terrain cranes. The step also fuels Raimondi's growth strategy and unlocks access to an extensive global distribution network, enhancing shareholder confidence and elevating the customer experience through expanded capabilities.","length":435,"tagName":"p"},{"type":"text","content":"Luigi Maggioni, Chief Executive Officer of Raimondi Group, said: "This transformative move, recognized as the most impactful deal in the industry over the pa...