Raimondi Cranes Expands Portfolio by Acquiring Terex Heavy Lifting Brands

In a strategic move to strengthen its position in the global heavy lifting market, Raimondi Cranes, a distinguished Italian manufacturer known for its innovative heavy-lift solutions, has announced the acquisition of key brands from Terex Corporation. This acquisition, which includes Terex Tower Cranes, Terex Self-Erecting Cranes, and Terex Rough Terrain Cranes, is poised to significantly enhance Raimondi’s product offerings and market reach.

Details of the Acquisition

As part of the agreement, Raimondi will also take over the US-based support unit of Terex, which provides robust customer service and support infrastructure. This transaction marks a pivotal step in Raimondi's growth strategy, enabling it to diversify its product line and tap into Terex's well-established distribution network.

Luigi Maggioni, the CEO of Raimondi Group, emphasized the transformative nature of this deal, calling it one of the most impactful transactions in the crane industry in the past two decades. He noted that the acquisition not only broadens the product range but also strengthens consumer trust and improves customer experience through enhanced service capabilities.

Enhancing Product Diversity

The incorporation of Terex’s products allows Raimondi to introduce new crane types to its portfolio, including self-erecting cranes and cranes designed for rough terrains. This diversification is seen as an essential step for growth and is expected to position the company favorably in both European and Middle Eastern markets.

The acquisition encompasses production facilities located in Fontanafredda and Crespellano, Italy, as well as a service center in Wilmington, North Carolina, USA. Raimondi aims to leverage these assets to create synergies that will improve operational efficiencies and scale production capacities.

Operational Advantages and Future Plans

Raimondi expects to achieve significant operational benefits from this acquisition, including optimized product segmentation and streamlined procurement processes. By enhancing its production capabilities, the company aims to capitalize on economies of scale that will further strengthen its market presence.

Moreover, access to Terex's established North American infrastructure accelerates Raimondi's entry into one of the world's largest construction markets. This strategic integration will enable the company to cater to a broader spectrum of heavy lifting needs while continuing to uphold its commitment to innovation and customer-oriented solutions.

The merger will bring approximately 250 Terex employees into the Raimondi Group, increasing its workforce to around 400 employees altogether. This combined team will focus on delivering comprehensive solutions tailored for an array of lifting requirements, thereby solidifying Raimondi's reputation as a reliable industry partner.

Conclusion

In response to this transformative acquisition, Simon Meester, President and CEO of Terex Corporation, expressed confidence that the Terex brands will thrive under the ownership of a global specialist like Raimondi, known for its commitment to innovation and customer service.

Raimondi’s ambitions do not stop here; the company aims to create significant value and anticipates reaching annual revenues of $500 million by 2028 through its global operations. The completion of the acquisition is projected for the third quarter of 2025, pending regulatory approvals.

This strategic alignment between Raimondi's esteemed engineering legacy and Terex’s market presence is set to redefine the heavy lifting landscape, promising enhanced solutions for the construction and heavy lifting sectors worldwide.

For more information about Raimondi Cranes and their innovative solutions, visit Raimondi's website.