NORWALK, Conn., Sept. 2, 2025 /PRNewswire/ -- 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, ...

Cost of sales moved down 4.7% year over year to $440.5 million in the reported quarter. The gross profit was down 0.7% year over year to $99 million. The gross margin was 18.4% in the reported quarter compared with 17.7% in the prior-year quarter. Engineering, selling and administrative expenses increased 4.4% year over year to $87 million. Total operating costs and expenses were $89 million in the quarter compared with the $87 million reported last year. Key Takeaways The Manitowoc Company, Inc. (MTW) repo ...

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To support the performance and reliability of this cutting-edge system, Sedna and Nokia will deploy a customized 5G communications infrastructure. This tailored network will provide the high-speed, low-latency connectivity required for seamless system performance, real-time data exchange and safe, remote equipment operation. "This collaboration demonstrates how technology leaders can come together to create powerful, future-ready solutions," said Peter Dormehl, Sedna chief executive officer. "The 5G network ...