Raimondi Cranes has entered into a definitive agreement to acquire key crane businesses from United States-based Terex Corporation.
Raimondi Cranes is set to acquire Terex Tower Cranes, Terex Self-Erecting Cranes and Terex Rough Terrain Cranes, as well as its United States-based robust after-sales and service infrastructure.
“This transformative move, recognized 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,” said Luigi Maggioni, Chief Executive Officer of Raimondi Group.
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 opens access to an extensive global distribution network, enhancing shareholder confidence and elevating the customer experience through expanded capabilities.
“As market leaders in their segments, Terex Tower Cranes, Terex Self-erecting Crane and Terex Rough Terrain Cranes along with their US-based service hub, will enable Raimondi to take its first major step toward diversification,” Maggioni said.
“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.”
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The acquisition will see around 250 Terex employees join Raimondi Group. The deal 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 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.
Terex Tower Cranes and Terex Self-Erecting Cranes facilities in Fontanafredda, Italy, are included in the transaction, as well as Terex Rough Terrain Cranes facility in Crespellano, Italy, and the Terex North America Cranes service and support operation in Wilmington, North Carolina.
“The lifting businesses, together with their strong legacy, seamlessly align with Raimondi’s values and vision, reinforcing our shared commitment to innovation, quality and customer-centric solutions,” Maggioni said.
In addition to its expanded product portfolio, the acquisition provides Raimondi with significant operational advantages. By leveraging enhanced manufacturing capabilities, optimizing 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 the market, enabling the company to serve one of the largest construction sectors globally while reinforcing its leadership in Europe and the Middle East.
“We are pleased to enter into this agreement with Raimondi, a manufacturer of cranes that is widely recognized for product innovation and customer service. We believe the Tower and Rough Terrain cranes businesses will benefit by becoming part of an Italian-based, global specialty crane company,” said Simon Meester, President and Chief Executive Officer at Terex Corporation.
In a news release, Raimondi said it is committed to ensuring a seamless integration process, prioritizing continuity for Terex employees and customers.
The combined entity, which will bring Raimondi’s total workforce to about 400 employees, will focus on delivering solutions to the most demanding lifting requirements, further cementing its position as a trusted partner in the industry.
“During the transition to Raimondi, our team is committed to servicing and supporting our customers seamlessly,” Meester said. “Terex is working closely with Raimondi to support the team and manage the change with transparency and respect for everyone involved. 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.”
Raimondi Cranes is poised to drive long-term value and is targeting annual revenue of $500 million from its global operations by 2028.
The transaction is expected to close in the third quarter of 2025, subject to market regulatory approvals.
