Italian manufacturer Raimondi Cranes has entered into a definitive agreement to acquire key lifting businesses from US-based Terex Corporation. These comprise Terex’s tower cranes (including self-erecting cranes) and rough terrain cranes, alongside its US-based after-sales and service infrastructure.
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.
Luigi Maggioni, CEO of Raimondi Group, said, “This transformative move, recognised as the most impactful deal in the industry over the past 20 years, marks the most significant acquisition in Raimondi’s history, representing a milestone into our journey to become a full-fledged global lifting conglomerate.
“As market leaders in their segments, Terex tower cranes, Terex self-erecting cranes and Terex rough terrain cranes along with their US-based service hub, will enable Raimondi to take its first major step toward diversification. 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.”
The acquisition, which will see around 250 employees join Raimondi Group, is part of a wider development plan aimed at capturing a larger share of the global heavy lifting sector. It combines Raimondi’s Italian engineering legacy with Terex’s innovative applications and established market presence, offering clients a comprehensive and competitive product lineup designed to meet the evolving demands of the construction and heavy lifting sectors.
Included in the transaction are the Terex tower cranes facility in Fontanafredda (Italy), Terex rough terrain cranes facility in Crespellano (Italy), and the Terex North America Cranes service and support operation in Wilmington, North Carolina (USA). The combined entity will bring Raimondi’s total workforce to approximately 400 employees.
Besides having an expanded product portfolio, the acquisition provides Raimondi with significant operational advantages. By leveraging enhanced manufacturing capabilities, optimising product segmentation and streamlining procurement processes, the company aims to achieve economies of scale and further strengthen its market position.
Additionally, the integration of Terex’s established North American infrastructure accelerates Raimondi’s entry into this dynamic and high-potential market, enabling the Milan-headquartered company to serve one of the largest construction sectors globally while reinforcing its leadership in Europe and the Middle East.
In a separate statement, Terex said the divestiture aligns with the company’s strategic focus to reduce cyclicality while accelerating growth and further leveraging synergies across its three business segments: Materials Processing, Aerials, and Environmental Solutions, which includes Environmental Solutions Group, acquired on 8 October 2024. The agreement with Raimondi does not include Franna pick and carry cranes, which Terex will continue to manufacture at its Eagle Farm facility in Brisbane (Australia) and the Terex Hosur facility in India.
“We are pleased to enter into this agreement with Raimondi, a manufacturer of cranes that is widely recognised for product innovation and customer service,” said Simon Meester, Terex president and CEO. “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,” added Mr Meester. “Our cranes team members in Italy have made substantial contributions throughout their years of service to the company, and we thank them and wish them continued success in the future. Terex is working closely with Raimondi to support the team and manage the change with transparency and respect for everyone involved.”
