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.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..