Terex Agrees To Sell Terex Tower And Rough Terrain Cranes Businesses To Raimondi Cranes; Terms Undisclosed; Deal Expected To Close In H2 Of 2025

Author: Benzinga Newsdesk | September 02, 2025 09:02am

Terex Corporation (NYSE:TEX) today announced it has signed a definitive agreement to sell its Terex® Tower and Rough Terrain Cranes businesses to Raimondi Cranes SpA, a global manufacturer of cranes based in Milan, Italy. Included in the transaction are the Terex Tower Cranes facility in Fontanafredda, Italy, Terex Rough Terrain Cranes facility in Crespellano, Italy, and the Terex North America Cranes service and support operation in Wilmington, North Carolina, United States. The sale, subject to government regulatory approvals and other customary closing conditions, is expected to close in the second half of 2025.

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