Raimondi Cranes, the Italian manufacturer of heavy lifting solutions, has entered into a definitive agreement to acquire key lifting businesses from the US-based Terex Corporation.

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, along with its US-based after-sales and service infrastructure.

This transaction will broaden Raimondi’s offerings, expanding its scope to include new business lines. The move is expected to fuel Raimondi’s growth strategy and unlock access to a vast global distribution network, enhancing shareholder confidence and improving the customer experience through expanded capabilities.

Luigi Maggioni, Chief Executive Officer 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. It represents a milestone on our journey to become a full-fledged global lifting conglomerate. 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. 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.”

This 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 line-up designed to meet the evolving demands of the construction and heavy lifting sectors.

Included in the transaction are the Terex Tower Cranes and Terex Self-Erecting Cranes facilities in Fontanafredda, Italy, the Terex Rough Terrain Cranes facility in Crespellano, Italy, and the Terex North America Cranes service and support operation in Wilmington, North Carolina, United States.

“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,” added Maggioni.

In addition to its 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 will accelerate Raimondi’s entry into this high-potential market, enabling the company to serve one of the largest construction sectors globally while reinforcing its leadership in Europe and the Middle East.

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

Simon Meester, President and Chief Executive Officer at Terex Corporation, commented: “We are pleased to enter into this agreement with Raimondi, a manufacturer of cranes that is widely recognised 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 speciality crane company.”

Meester continued: “During the transition to Raimondi, our team is committed to servicing and supporting our customers seamlessly. 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.”

Led by a world-class management team with a proven track record of operational excellence, Raimondi Cranes is poised to drive long-term value and is targeting an 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.