Terex to Sell Tower and Rough Terrain Crane Businesses to Raimondi

Terex Corp. has signed an agreement to sell its Tower and Rough Terrain Crane businesses to Raimondi Cranes SpA, a Milan-based crane manufacturer.

The deal includes Terex’s Tower Cranes facility in Fontanafredda, Italy; its Rough Terrain Cranes facility in Crespellano, Italy; and its North America Cranes service and support center in Wilmington, North Carolina.

The transaction, subject to regulatory approvals and other customary conditions, is expected to close in the second half of 2025.

Terex said the sale aligns with its strategy to focus on its Materials Processing, Aerials and Environmental Solutions segments. The company will continue producing Franna pick and carry cranes in Australia and India.