Italy’s Raimondi Cranes has entered into a definitive agreement to acquire key lifting divisions from US-based Terex Corporation in what is described as the most significant deal in the company’s history.

The transaction will see Raimondi – which operates under Arada Industries, owned by UAE-based real estate and diversified business entity Arada Group – take over Terex Tower Cranes, Terex Self-Erecting Cranes, and Terex Rough Terrain Cranes, along with Terex’s support and service hub in Wilmington, North Carolina. Production facilities in Fontanafredda and Crespellano, Italy, are also included in the agreement.

With the deal, Raimondi is expanding beyond its established strength in luffing jib and tower cranes into self-erecting and rough-terrain models, while securing access to Terex’s extensive global distribution network. Around 250 employees will join Raimondi Group as part of the integration, bringing its total workforce to about 400.

The move also fuels Raimondi’s growth strategy and facilitates access to an extensive global distribution network, enhancing shareholder confidence and elevating the customer experience.

Luigi Maggioni, Chief Executive Officer of Raimondi Group, said: “This transformative move, recognised as the most impactful deal in the industry over the past 20 years, marks the most significant acquisition in Raimondi’s history, representing a milestone into our journey to become a full-fledged global lifting conglomerate. As market leaders in their segments, Terex Tower Cranes, Terex Self-Erecting Crane, and Terex Rough Terrain Cranes along with their US-based service hub, will enable Raimondi to take its first major step toward diversification. By integrating Terex’s range of tower and rough-terrain cranes, we are creating synergies that enhance our ability to deliver a broader range of lifting solutions, paving the way for sustainable, accelerated growth.”

Raimondi cranes are deployed on numerous projects in the region.

This acquisition is part of a wider development plan aimed at capturing a larger share of the global heavy lifting sector. It combines Raimondi’s Italian engineering legacy with Terex’s innovative applications and established market presence, offering clients a comprehensive and competitive product line-up designed to meet the evolving demands of the construction and heavy lifting sectors.

“The lifting businesses, together with their strong legacy, seamlessly align with Raimondi’s values and vision, reinforcing our shared commitment to innovation, quality, and customer-centric solutions,” added Maggioni.

In addition to its expanded product portfolio, the acquisition provides Raimondi with significant operational advantages. By leveraging enhanced manufacturing capabilities, optimising product segmentation, and streamlining procurement processes, the company aims to achieve economies of scale and further strengthen its market position.

Additionally, the integration of Terex’s established North American infrastructure accelerates Raimondi’s entry into that market, enabling the company to serve one of the largest construction sectors globally while reinforcing its leadership in Europe and the Middle East.

Raimondi is committed to ensuring a seamless integration process, prioritising continuity for Terex employees and customers while elevating the experience through expanded resources and capabilities.

“We are pleased to enter into this agreement with Raimondi, a manufacturer of cranes that is widely recognised for product innovation and customer service. We believe the Tower and Rough Terrain cranes businesses will benefit by becoming part of an Italian-based, global specialty crane company,” commented Simon Meester, President and Chief Executive Officer, at Terex Corporation.