Business
Terex Completes Sale of Tower and Rough Terrain Cranes Businesses
Terex Corporation (NYSE: TEX) today announced completion of its sale of Terex® Tower and Rough Terrain Cranes businesses to Raimondi Cranes SpA, a global manufacturer of cranes based in Milan, Italy. Included in the divestiture are manufacturing operations and facilities in Fontanafredda and Crespellano, Italy, and the Terex North America Cranes service and support operation in Wilmington, North Carolina, United States. The transaction does not include Terex's Franna® pick and carry cranes busin
About this update from Terex Corporation
[{"type":"text","content":"NORWALK, Conn., Nov. 3, 2025 /PRNewswire/ -- Terex Corporation (NYSE: TEX) today announced completion of its sale of Terex® Tower and Rough Terrain Cranes businesses to Raimondi Cranes SpA, a global manufacturer of cranes based in Milan, Italy. Included in the divestiture are manufacturing operations and facilities in Fontanafredda and Crespellano, Italy, and the Terex North America Cranes service and support operation in Wilmington, North Carolina, United States. The transaction does not include Terex's Franna® pick and carry cranes business based in Australia.","length":572,"tagName":"p"},{"type":"image","alt":"Terex logo (PRNewsfoto/Terex Corporation)","displaySize":"","headline":null,"caption":"Terex logo (PRNewsfoto/Terex Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":80,"url":"https://media.zenfs.com/en/prnewswire.com/415f49bfe586a5c2669f834657328312"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/vRnBx0FAJjzp3xipJ.jmQw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE0MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/415f49bfe586a5c2669f834657328312","width":400,"height":80}},"href":"https://mma.prnewswire.com/media/2396979/Logo_2024_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""For Terex, this move aligns with our strategic focus on reducing cyclicality and accelerating the Company's growth," said Simon Meester, Terex President and Chief Executive Officer. "At the same time, we believe these Italian cranes businesses will strategically benefit from becoming part of Raimondi, a Milan-based lifting conglomerate that is a leader in the construction and heavy lifting sectors. We thank our cranes team members for their contributions to Terex and the industry, and we wish them great success in the years ahead."","length":567,"tagName":"p"},{"type":"text","content":"About Terex Terex Corporation is a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry. We design, build, and support products used in maintenance, manufacturing, energy, minerals and materials management, construction, waste and recycling, and the entertainment industry. We provide best-in-class lifecycle s...