Terex Completes Sale of Tower and Rough Terrain Cranes Businesses
, /PRNewswire/ — Terex Corporation (NYSE: TEX) as we advise time announced completion of its sale of Terex® Tower and Rough Terrain Cranes firms to Raimondi Cranes SpA, a world producer of cranes basically based in Milan, Italy. Incorporated within the divestiture are manufacturing operations and products and services in Fontanafredda and Crespellano, Italy, and the Terex North The united states Cranes carrier and toughen operation in Wilmington, North Carolina, United States. The transaction doesn’t encompass Terex’s Franna® pick and carry cranes commerce basically based in Australia.
“For Terex, this trudge aligns with our strategic point of curiosity on lowering cyclicality and accelerating the Company’s whine,” acknowledged Simon Meester, Terex President and Chief Executive Officer. “At the same time, we factor in these Italian cranes firms will strategically have the income of adjusting into portion of Raimondi, a Milan-basically based lifting conglomerate that’s a lunge-setter within the come and heavy lifting sectors. We thank our cranes crew contributors for their contributions to Terex and the commerce, and we desire them immense success within the years ahead.”
About Terex
Terex Corporation is a world industrial equipment producer of materials processing equipment, extinguish and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electrical utility commerce. We make, invent, and toughen products dilapidated in upkeep, manufacturing, vitality, minerals and materials administration, construction, extinguish and recycling, and the entertainment commerce. We provide perfect-in-class lifecycle toughen to our possibilities via our world parts and products and services organization, and provide complementary digital solutions, designed to lend a hand our possibilities maximize their return on their funding. Obvious Terex products and solutions allow possibilities to chop their affect on the atmosphere including electrical and hybrid choices that state soundless and emission-free efficiency, products that toughen renewable vitality, and products that lend a hand within the recovery of worthwhile materials from various forms of extinguish. Our products are manufactured in North The united states, Europe, and Asia Pacific and equipped worldwide. For extra recordsdata, please seek recommendation from www.terex.com.
About Raimondi Cranes
Raimondi Cranes, headquartered in Milan, Italy, is a heritage producer of scalable heavy lifting solutions with a legacy rooted in Italian engineering excellence. Founded in 1863, Raimondi has established a world presence, handing over bigger than 17,000 cranes to customers globally.
With a spotlight on quality, innovation, and customer pleasure, Raimondi continues to form the come and heavy lifting sectors, providing lowering-edge solutions that meet the evolving demands of the commerce. Below the umbrella of Arada Industries, portion of Arada Neighborhood, Raimondi is poised for extra whine as a leading world lifting conglomerate.
For extra recordsdata, please seek recommendation from www.raimondi.com
Terex Contact Files
Derek Everitt
VP Investor Kin
Email: InvestorRelations@Terex.com
Alternate Files Media
Michelle Murphy
Neighborhood Advertising Supervisor, Terex Affords Processing
+44 7810 441386 Email: Michelle.Murphy@terex.com
Raimondi Contact Files
Valentina Pivetta
Advertising and Communications Supervisor
Email: media@raimondi.com
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SOURCE Terex Corporation
