Raimondi Cranes to Acquire Terex Crane Businesses in Landmark Industry Deal
30 Second Takeaway
Raimondi Cranes has signed a definitive agreement to acquire Terex Tower Cranes, Terex Self-Erecting Cranes, Terex Rough Terrain Cranes, and Terex’s North American service and support operations. Described as one of the most significant crane industry transactions in two decades, the deal will expand Raimondi’s global footprint, product portfolio, and workforce, with completion expected in Q3 2025.
Landmark Acquisition Reshapes Global Crane Market
Italian manufacturer Raimondi Cranes, operating under Arada Industries, part of the Arada Group, has reached a definitive agreement to acquire key crane businesses from Terex Corporation.
The transaction includes:
Terex Tower Cranes
Terex Self-Erecting Cranes
Terex Rough Terrain Cranes
Terex’s North American service and support operations
The deal is being widely described as one of the most significant crane industry acquisitions in the past 20 years.
Facilities and Workforce Transition
As part of the agreement, manufacturing and service facilities in:
Fontanafredda, Italy
Crespellano, Italy
Wilmington, North Carolina (USA)
will transfer to the Raimondi Group, bringing approximately 250 employees into the organisation.
Following completion, Raimondi’s total workforce is expected to reach around 400 employees.
Strategic Expansion of Product Portfolio
The acquisition significantly broadens Raimondi’s product offering, expanding beyond its established tower and luffing jib crane portfolio to include:
Self-erecting cranes
Rough terrain cranes
It also substantially strengthens Raimondi’s North American presence, adding local service, support, and infrastructure to support customers in the region.
Raimondi plans to leverage economies of scale, enhanced manufacturing efficiencies, and procurement synergies, while maintaining continuity for Terex customers and employees.
Leadership Perspectives
Luigi Maggioni, Chief Executive Officer of Raimondi Group, said:
“This transformative move marks the largest acquisition in our history. By integrating Terex’s range of cranes and service infrastructure, we create synergies that enhance our capabilities, broaden our portfolio, and accelerate our path to becoming a global lifting conglomerate.”
Simon Meester, President and CEO of Terex Corporation, added:
“We are pleased to reach this agreement with Raimondi, a company known for product innovation and customer service. Our cranes businesses will thrive as part of a global specialty crane manufacturer.”
Growth Targets and Transaction Timeline
Following the acquisition, Raimondi Group is targeting annual revenues of $500 million by 2028.
The transaction is expected to close in the third quarter of 2025, subject to regulatory approvals and customary closing conditions.
About Raimondi Cranes
Raimondi Cranes is an Italian crane manufacturer specialising in tower cranes and luffing jib cranes for construction and infrastructure projects worldwide. With a strong focus on engineering quality, innovation, and customer support, Raimondi has steadily expanded its global footprint.
Following completion of the Terex acquisition, Raimondi will operate as a multi-segment global crane manufacturer with an expanded portfolio and international service network.
Website https://www.raimondicranes.com
About Terex Corporation
Terex Corporation is a global industrial equipment manufacturer serving the materials processing, lifting, and infrastructure sectors. Terex’s crane brands have long been recognised for their engineering, reliability, and market presence, particularly in tower, self-erecting, and rough terrain crane segments.
Website https://www.terex.com
About Arada Group
Arada Group is an international industrial group with interests across manufacturing, engineering, and infrastructure-related businesses. Through Arada Industries, the group supports Raimondi’s long-term strategy of global expansion and portfolio diversification.
Frequently Asked Questions
Which Terex businesses are included in the deal?
The agreement covers Terex Tower Cranes, Self-Erecting Cranes, Rough Terrain Cranes, and North American service and support operations.
How many employees will join Raimondi?
Approximately 250 Terex employees will transfer, bringing Raimondi’s total workforce to around 400 people.
Will Raimondi operate in North America?
Yes. The acquisition significantly strengthens Raimondi’s North American presence, including facilities in Wilmington, North Carolina.
When is the acquisition expected to close?
The transaction is expected to close in Q3 2025, subject to regulatory approvals.
What are Raimondi’s growth targets?
Raimondi is targeting $500 million in annual revenue by 2028.
