Terex to Sell Tower and Rough Terrain Cranes Businesses
Terex Corporation (NYSE:TEX) has signed a definitive agreement to sell its Tower and Rough Terrain Cranes businesses to Italy-based Raimondi Cranes SpA. The transaction includes facilities in Fontanafredda and Crespellano, Italy, and Wilmington, North Carolina.
The deal, expected to close in second half of 2025, aligns with Terex's strategy to reduce cyclicality and focus on its core segments: Materials Processing, Aerials, and Environmental Solutions. The agreement excludes Franna pick and carry cranes operations in Australia and India.
Terex Corporation (NYSE:TEX) ha firmato un accordo definitivo per cedere le sue unità Tower e Rough Terrain Cranes alla società italiana Raimondi Cranes SpA. L'operazione comprende gli stabilimenti di Fontanafredda e Crespellano, in Italia, e di Wilmington, North Carolina.
L'intesa, la cui chiusura è prevista nella seconda metà del 2025, rientra nella strategia di Terex di ridurre la ciclicità e concentrare le attività sui segmenti core: Materials Processing, Aerials e Environmental Solutions. L'accordo non include le attività relative alle gru Franna pick and carry in Australia e India.
Terex Corporation (NYSE:TEX) ha firmado un acuerdo definitivo para vender sus negocios Tower y Rough Terrain Cranes a la italiana Raimondi Cranes SpA. La operación incluye las plantas de Fontanafredda y Crespellano, en Italia, y la de Wilmington, Carolina del Norte.
El cierre del trato, previsto para la segunda mitad de 2025, se inserta en la estrategia de Terex de reducir la ciclicidad y centrarse en sus segmentos principales: Materials Processing, Aerials y Environmental Solutions. El acuerdo excluye las operaciones de las grúas Franna pick and carry en Australia e India.
Terex Corporation (NYSE:TEX)는 자사의 Tower 및 Rough Terrain Cranes 사업부를 이탈리아 기업 Raimondi Cranes SpA에 매각하는 최종 계약을 체결했습니다. 이번 거래에는 이탈리아의 Fontanafredda 및 Crespellano 공장과 미국 노스캐롤라이나주 윌밍턴 공장이 포함됩니다.
이번 계약은 2025년 하반기에 마무리될 예정이며, Terex가 경기 변동성을 줄이고 Materials Processing, Aerials, Environmental Solutions 등 핵심 부문에 집중하려는 전략과 일치합니다. 이번 합의에는 호주와 인도의 Franna 픽앤캐리(Franna pick and carry) 크레인 사업은 포함되지 않습니다.
Terex Corporation (NYSE:TEX) a signé un accord définitif pour céder ses activités Tower et Rough Terrain Cranes à la société italienne Raimondi Cranes SpA. La transaction inclut les sites de Fontanafredda et Crespellano en Italie, ainsi que Wilmington, Caroline du Nord.
La clôture de l'opération, attendue dans la seconde moitié de 2025, s'inscrit dans la stratégie de Terex visant à réduire la cyclicité et à se concentrer sur ses segments principaux : Materials Processing, Aerials et Environmental Solutions. L'accord exclut les activités des grues Franna pick and carry en Australie et en Inde.
Terex Corporation (NYSE:TEX) hat eine endgültige Vereinbarung zum Verkauf seiner Geschäftsbereiche Tower und Rough Terrain Cranes an das italienische Unternehmen Raimondi Cranes SpA unterzeichnet. Die Transaktion umfasst Standorte in Fontanafredda und Crespellano in Italien sowie Wilmington, North Carolina.
Der Abschluss des Geschäfts, der für die zweite Hälfte des Jahres 2025 erwartet wird, entspricht Terex' Strategie, die Zyklizität zu verringern und sich auf die Kernsegmente Materials Processing, Aerials und Environmental Solutions zu konzentrieren. Ausgenommen sind die Franna Pick-and-Carry-Kranaktivitäten in Australien und Indien.
- Strategic alignment with company's focus on reducing cyclicality
- Opportunity to leverage synergies across three core business segments
- Retention of profitable Franna pick and carry cranes business
- Reduction in business diversification through divestment of crane operations
- Loss of market presence in tower and rough terrain crane segments
- Potential impact on revenue stream from divested operations
Insights
Terex's strategic divestiture of crane businesses streamlines operations to focus on less cyclical segments with stronger growth potential.
Terex Corporation's decision to sell its Tower and Rough Terrain Cranes businesses to Raimondi Cranes represents a strategic portfolio realignment aimed at reducing cyclical exposure and enhancing focus on core growth segments. The transaction includes manufacturing facilities in Italy and a service operation in North Carolina, but notably excludes the Franna pick and carry cranes business, which will remain with Terex.
This divestiture clearly aligns with Terex's stated strategic objective to reduce business cyclicality - a smart move considering the construction equipment sector's notorious boom-bust cycles. The crane business is particularly vulnerable to construction market fluctuations, making it a logical candidate for divestiture to improve earnings stability.
After this transaction, Terex will concentrate on three business segments with potentially more stable growth trajectories: Materials Processing, Aerials, and the recently acquired Environmental Solutions Group. This demonstrates management's disciplined approach to capital allocation - divesting non-core assets while reinforcing segments where the company has stronger competitive advantages.
For Raimondi, an Italian crane specialist, this acquisition represents significant expansion of their product portfolio and manufacturing footprint. The geographic and product fit makes strategic sense, potentially creating operational synergies while keeping the crane operations under specialized management better positioned to compete in that market niche.
The timing is noteworthy - this transaction follows Terex's October 2024 acquisition of Environmental Solutions Group, indicating an accelerated strategic transformation. This suggests a deliberate portfolio reshaping rather than an opportunistic sale, with management actively rebalancing toward less cyclical business lines with stronger growth characteristics.
"We are pleased to enter into this agreement with Raimondi, a manufacturer of cranes that is widely recognized for product innovation and customer service," said Simon Meester, Terex President and Chief Executive Officer. "We believe the Tower and Rough Terrain cranes businesses will benefit by becoming part of an Italian-based, global specialty crane company."
Mr. Meester concluded, "During the transition to Raimondi, our team is committed to servicing and supporting our customers seamlessly. Our cranes team members in
Luigi Maggioni, Group Chief Executive Officer, Raimondi Cranes, said: "This strategic acquisition represents a milestone in our journey to become a full-fledged global lifting conglomerate. By integrating Terex's Tower and Rough Terrain cranes, we are creating synergies that enhance our ability to deliver a broader range of solutions, paving the way for sustainable, accelerated growth."
For Terex, the divestiture aligns with the Company's strategic focus to reduce cyclicality while accelerating growth and further leveraging synergies across its three business segments: Materials Processing, Aerials, and Environmental Solutions, which includes Environmental Solutions Group, acquired on October 8, 2024. The agreement with Raimondi does not include Franna pick and carry cranes, which Terex will continue to manufacture at its Eagle Farm facility in
About Terex
Terex Corporation is a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry. We design, build, and support products used in maintenance, manufacturing, energy, minerals and materials management, construction, waste and recycling, and the entertainment industry. We provide best-in-class lifecycle support to our customers through our global parts and services organization, and offer complementary digital solutions, designed to help our customers maximize their return on their investment. Certain Terex products and solutions enable customers to reduce their impact on the environment including electric and hybrid offerings that deliver quiet and emission-free performance, products that support renewable energy, and products that aid in the recovery of useful materials from various types of waste. Our products are manufactured in
About Raimondi Cranes
Raimondi Cranes, headquartered in
With a focus on quality, innovation, and customer satisfaction, Raimondi continues to shape the construction and heavy lifting sectors, offering cutting-edge solutions that meet the evolving demands of the industry. Under the umbrella of Arada Industries, part of Arada Group, Raimondi is poised for further growth as a leading global lifting conglomerate.
For more information, please visit www.raimondi.com
Terex Contact Information
Derek Everitt
VP Investor Relations
Email: InvestorRelations@Terex.com
Italian and Trade News Media
Angelo Cosmo
Terex Cranes Product and Marketing Manager
Email: Angelo.Cosmo@terex.com
Raimondi Contact Information
Valentina Pivetta
Marketing and Communications Manager
Email: media@raimondi.com
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SOURCE Terex Corporation
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