UAE-Owned Raimondi Acquires Terex Cranes

Dubai (PlantAndEquipment.com) - Raimondi Cranes, the Italian heavy lifting solutions manufacturer owned by UAE-based Arada Industries, has signed an agreement to acquire the tower, self-erecting, and rough terrain crane divisions of U.S.-based Terex Corporation.

The transaction includes production sites in Fontanafredda and Crespellano, Italy, as well as a service hub in Wilmington, North Carolina. Arada Industries is part of Arada Group, backed by Sheikh Sultan bin Ahmed Al Qasimi and Prince Khaled bin Alwaleed bin Talal Al Saud through CORP KBW Investments LLC and Basma Group LLC.

The deal underlines the group’s strategy to expand beyond its core real estate activities into global industrial sectors.

The acquisition significantly broadens Raimondi’s product range, adding self-erecting and rough terrain cranes to its established line of luffing jib and tower cranes. It also strengthens after-sales and service capabilities, tapping into Terex’s global distribution networks and customer base.

Around 250 Terex employees will transition to Raimondi, raising the total workforce to approximately 400. The company expects the enlarged operation to improve manufacturing efficiency, achieve economies of scale, and reinforce its presence in Europe, the Middle East, and North America.

By combining Raimondi’s Italian engineering heritage with Terex’s market presence, the expanded group is targeting annual revenues of $500 million by 2028. Industry observers see the deal as a major consolidation move in the heavy lifting sector, enabling Raimondi to compete more directly with the world’s largest crane manufacturers.

The transaction is expected to close in the third quarter of 2025, subject to regulatory approvals.