#Italy #Milan #Terex Corporation #Raimondi Cranes #lifting solutions

Raimondi Cranes Expands Its Global Reach Through Terex Acquisition

In a groundbreaking move that aims to reshape the future of heavy lifting, Raimondi Cranes, a renowned Italian manufacturer, has finalized an agreement to acquire several key segments of Terex Corporation’s business. This significant transaction marks a pivotal evolution in Raimondi's strategy, reinforcing its commitment to delivering innovative and robust lifting solutions on a global scale.

The deal includes the purchase of Terex Tower Cranes, Terex Self-Erecting Cranes, and Terex Rough Terrain Cranes, as well as the United States-based support unit. Under the operational umbrella of Arada Industries, owned by Arada Group, this acquisition broadens Raimondi's portfolio and strengthens its leadership position in the heavy lifting industry.

According to Luigi Maggioni, the Chief Executive Officer of Raimondi Group, this acquisition is labeled as one of the most significant in the heavy lifting sector in the past two decades. He emphasized that the integration of Terex’s established product lines will not only enhance Raimondi's offerings but also serve as a crucial stepping stone toward becoming a comprehensive global lifting conglomerate.

Enhancing Product Offerings

The integration of Terex’s various cranes introduces a host of new capabilities for Raimondi. This move fills critical gaps in the company's product line, allowing them to offer a wider range of solutions, including luffing jib cranes, self-erecting models, and rough terrain options. The goal is to create synergies that boost operational efficiency and broaden market penetration, ultimately adding immense value for customers.

Furthermore, this acquisition is expected to bolster shareholder confidence as it aligns with Raimondi’s growth strategy aimed at capturing a larger share of the heavy lifting market worldwide. With the addition of approximately 250 employees transitioning to Raimondi's network, the company is putting itself in an advantageous position to handle increased operational demands.

A Step Towards Diversification

Acquiring established businesses from Terex Corporation not only diversifies Raimondi's product range but also enhances its manufacturing capabilities. By optimizing product segmentation and procurement processes, Raimondi aims to achieve significant economies of scale, which will ultimately strengthen its market position.

The facilities in Italy, including those in Fontanafredda and Crespellano, alongside Terex’s robust North American service and support operations located in Wilmington, North Carolina, will further amplify Raimondi's reach within one of the largest global construction markets.

As the construction landscape continues to evolve, the newly combined entity promises a comprehensive and competitive product lineup tailored to meet the shifting demands of the industry. Raimondi’s heritage in Italian design, combined with Terex's innovative applications, is poised to create lasting impacts across construction sites worldwide.

Commitment to Seamless Integration

Raimondi is committed to ensuring a smooth integration process for both Terex employees and customers. The company's leadership prioritizes continuity while enhancing operational resources and customer support capabilities. This strategic alignment is intended to bolster overall service delivery in the heavy lifting sector.

Simon Meester, President and Chief Executive Officer of Terex Corporation, echoed these sentiments, expressing confidence in the transition. He acknowledged the vital contributions of the Terex teams in Italy and expressed optimism that joining forces with a globally recognized Italian crane manufacturer would yield exceptional benefits for their customers and employees alike.

Future Outlook

As Raimondi prepares for this major acquisition, it is focused on driving substantial long-term value. The company is targeting annual revenues of $500 million from its global operations by 2028. The strategic consolidation of talents, technologies, and resources is expected to enhance its overall market trajectory.

This acquisition is projected to close by the third quarter of 2025, subject to the necessary market regulatory approvals. It stands as a testament to Raimondi’s resilience and ambitious growth plans within the heavy lifting industry.

Founded in 1863, Raimondi has built a formidable legacy rooted in Italian engineering, delivering over 17,000 cranes worldwide. With this acquisition, the company is well-positioned to continue evolving and expanding its influence across continents, providing top-notch lifting solutions that cater to the growing demands of the construction market.

For further details on this exciting transaction, visit Raimondi's website.