Key Takeaways Terex will sell the Tower and Rough Terrain Cranes businesses to Raimondi Cranes.The sale includes Italian facilities and a North America service unit.Deal aligns with Terex's strategy to streamline and grow core segments.Terex Corporation (TEX) announced  that it inked a definitive agreement with Raimondi Cranes SpA to sell its Terex Tower and Rough Terrain Cranes businesses. This move is in sync with Terex's focus to reduce cyclicality and boost core business growth.Details on Terex’s Deal W ...

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, ...