TOWER CRANES Ӏ RAIMONDI INTERVIEW EXCLUSIVE
LIFTING PORTFOLIO
EXPANSION
Luigi Maggioni, CEO at Raimondi, speaks exclusively to Cranes Today about the company's plans for its newly expanded portfolio following the announcement of its acquisition of Terex’s lifting businesses.
At the start of September Raimondi Cranes announced a bold step towards becoming a global lifting conglomerate with its acquisition of the US-based Terex Corporation’s tower crane, rough terrain crane and self-erecting crane divisions, plus Terex’s US-based after-sales and service infrastructure. In this exclusive interview
Luigi Maggioni, CEO at Raimondi, discusses the strategic rationale behind the deal, its impact on product diversification and market expansion – particularly in the US, plus how the integration of Terex’s expertise and technology will accelerate innovation and redefine the global crane manufacturing landscape.
CT: What made these specific Terex businesses – tower cranes, self-erecting, and rough terrain cranes – the right fit for Raimondi’s long-term vision to become a global lifting conglomerate? LM: These businesses align with our strategic objective to build a comprehensive portfolio of heavy lifting solutions. The tower crane
segment builds on Raimondi’s heritage in engineering excellence, particularly in models with greater lifting capacities across both flat- top and luffing jib canes. The deal also extends our capabilities into self-erecting and rough terrain cranes, allowing us to serve a broad range of applications, project scales, and – perhaps most significantly – diverse markets. Together, the product ranges form a well- rounded portfolio that addresses a variety of construction and infrastructure needs. This acquisition represents the
first step in Raimondi’s journey toward becoming a fully-fledged global lifting conglomerate, one that combines innovation, versatility, and proximity to customers across multiple sectors.
Did Raimondi consider alternative routes to diversification before pursuing this acquisition – for example, partnerships or organic expansion? We did explore multiple routes, including partnerships and organic growth initiatives. However,
CRANES TODAY 15 Luigi Maggioni,
Raimondi Group, CEO
the acquisition offered a direct and strategic path to achieving diversification at scale. It allowed us to immediately access new business lines, technologies, and markets that would have taken more time to develop organically. That said, one approach
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