Raimondi to Acquire Terex Crane Businesses in Major Deal

08 Sep 2025 CW Team

The acquisition significantly expands Raimondi’s product portfolio, strengthening its core in luffing jib and tower cranes while adding new lines such as self-erecting and rough terrain cranes. It also opens access to Terex’s global distribution network, boosting shareholder confidence and enhancing customer experience through broader offerings and advanced after-sales support.

“This transformative move, recognised as the most impactful deal in the industry over the past two decades, is the most significant acquisition in Raimondi’s history,” said Luigi Maggioni, Chief Executive Officer, Raimondi Group. “As market leaders in their segments, the Terex crane businesses and their US-based service hub will enable Raimondi to diversify, deliver synergies, and accelerate sustainable global growth.”

The deal will see around 250 employees join Raimondi, bringing the Group’s total workforce to nearly 400. Assets covered include the Terex Tower and Self-Erecting Cranes facility in Fontanafredda, Italy, the Rough Terrain Cranes facility in Crespellano, Italy, and the US support operations. Raimondi aims to achieve operational efficiencies through enhanced manufacturing capabilities, streamlined procurement, and economies of scale, while also fast-tracking its entry into the North American market—one of the world’s largest construction sectors.

Simon Meester, President and CEO of Terex Corporation, said, “We are pleased to enter this agreement with Raimondi, a manufacturer recognised for innovation and customer service. We believe the Tower and Rough Terrain Cranes businesses will thrive as part of a specialised global crane company.” He added that Terex will work closely with Raimondi during the transition to ensure seamless service and continuity for customers and employees.

The acquisition combines Raimondi’s Italian engineering legacy with Terex’s innovation and market reach, positioning the Group as a global leader in lifting solutions. With integration complete, Raimondi is targeting $500 million in annual revenue by 2028. The transaction is expected to close in the third quarter of 2025, subject to regulatory approvals.

Raimondi Cranes, the Italian heritage manufacturer of heavy lifting solutions under Arada Industries, has entered into a definitive agreement to acquire key crane businesses from US-based Terex Corporation. The transaction includes Terex Tower Cranes, Terex Self-Erecting Cranes, Terex Rough Terrain Cranes, and the North America service and support hub in Wilmington, North Carolina.The acquisition significantly expands Raimondi’s product portfolio, strengthening its core in luffing jib and tower cranes while adding new lines such as self-erecting and rough terrain cranes. It also opens access to Terex’s global distribution network, boosting shareholder confidence and enhancing customer experience through broader offerings and advanced after-sales support.“This transformative move, recognised as the most impactful deal in the industry over the past two decades, is the most significant acquisition in Raimondi’s history,” said Luigi Maggioni, Chief Executive Officer, Raimondi Group. “As market leaders in their segments, the Terex crane businesses and their US-based service hub will enable Raimondi to diversify, deliver synergies, and accelerate sustainable global growth.”The deal will see around 250 employees join Raimondi, bringing the Group’s total workforce to nearly 400. Assets covered include the Terex Tower and Self-Erecting Cranes facility in Fontanafredda, Italy, the Rough Terrain Cranes facility in Crespellano, Italy, and the US support operations. Raimondi aims to achieve operational efficiencies through enhanced manufacturing capabilities, streamlined procurement, and economies of scale, while also fast-tracking its entry into the North American market—one of the world’s largest construction sectors.Simon Meester, President and CEO of Terex Corporation, said, “We are pleased to enter this agreement with Raimondi, a manufacturer recognised for innovation and customer service. We believe the Tower and Rough Terrain Cranes businesses will thrive as part of a specialised global crane company.” He added that Terex will work closely with Raimondi during the transition to ensure seamless service and continuity for customers and employees.The acquisition combines Raimondi’s Italian engineering legacy with Terex’s innovation and market reach, positioning the Group as a global leader in lifting solutions. With integration complete, Raimondi is targeting $500 million in annual revenue by 2028. The transaction is expected to close in the third quarter of 2025, subject to regulatory approvals.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

Real Estate

29 Jul 2026

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Equipment

29 Jul 2026

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..