#USA #Milan #Terex Corporation #Heavy Lifting #Raimondi Cranes

Major Acquisition: Raimondi Cranes Takes Over Terex

In a significant move within the heavy lifting industry, Raimondi Cranes, an esteemed Italian manufacturer, has struck a deal to acquire several key divisions from Terex Corporation. This acquisition includes Terex Tower Cranes, Terex Self-Erecting Cranes, Terex Rough Terrain Cranes, along with a robust service support unit based in the United States. With this strategic acquisition, Raimondi significantly broadens its product range and boosts its competitive stature on a global scale.

The Impact of the Acquisition

This transaction not only enhances Raimondi's existing offerings of luffing jib cranes and tower cranes but also introduces new business avenues like self-erecting and rough terrain cranes. It is a pivotal step in the company's growth strategy, which aims to improve shareholder confidence and elevate customer satisfaction through wider product capabilities. Luigi Maggioni, CEO of Raimondi Group, remarked, "This transformative move, recognized as the most impactful deal in the industry over the past 20 years, marks the most significant acquisition in Raimondi's history."

The acquisition is seen as a game-changer, combining Raimondi's rich engineering heritage with Terex's innovative technologies and strong market presence, ultimately offering businesses a comprehensive suite of lifting solutions tailored to modern construction needs.

Expanding Workforce and Facilities

As part of this acquisition, an estimated 250 employees from Terex will join the Raimondi team, marking the company's ambitious plans to expand its influence within the global heavy lifting sector. This merger showcases facilities from Terex located in Fontanafredda and Crespellano, Italy, plus the North American service operations in Wilmington, North Carolina. Maggioni emphasized the importance of this move, stating that it creates synergy that enhances their ability to deliver a broader range of solutions, thereby propelling sustainable, accelerated growth.

Operational Advantages and Market Entry

The acquisition brings substantial operational advantages, including improved manufacturing processes, optimized product segmentation, and streamlined procurement. These enhancements are expected to foster economies of scale, strengthening Raimondi's market position. Furthermore, the integration of Terex's established North American infrastructure will allow Raimondi to quickly enter a thriving, high-potential market, further solidifying its leadership not just in Europe and the Middle East, but on a global scale.

Commitment to Employees and Customers

Raimondi's integration plan emphasizes a seamless transition for both Terex employees and customers, aiming to enhance the lifting experience through expanded resources. With the addition of Terex, Raimondi's workforce will grow to approximately 400 employees, demonstrating the company's dedication to meeting and exceeding the lifting industry's demands.

Simon Meester, President and CEO of Terex Corporation, expressed optimism about the transition. He noted, "We believe the Tower and Rough Terrain cranes businesses will benefit by becoming part of an Italian-based, global specialty crane company. Our team is committed to servicing our customers seamlessly during this transition."

Looking Ahead

Armed with a world-class management team and a vision for operational excellence, Raimondi Cranes is positioned to target ambitious revenue goals, aiming for $500 million from its worldwide operations by 2028. As the deal is expected to close in the third quarter of 2025, contingent upon regulatory approvals, the construction and heavy lifting industry can anticipate a formidable contender in the market.

For more information about Raimondi Cranes and their innovative solutions, visit their official website: www.raimondi.com.