"Terex Corporation Completes Sale of Gru Comedil and RT Cranes Italy to Raimondi Group"

"Antonio Grava, senior partner at Grava & Associati Studio Legale-Tributario, assisted Terex Corporation in the sale of its subsidiaries Gru Comedil and RT Cranes Italy to Raimondi Group, part of UAE-based Arada Industries LLC. The transaction, completed on October 31, involved companies specializing in the design, production, and rental of lifting and transport equipment. Raimondi Group is a global player in tower crane manufacturing and heavy lifting solutions."

Antonio Grava, senior partner at Grava & Associati Studio Legale-Tributario, assisted Terex Corporation, a company listed on the New York Stock Exchange, in the transaction involving the sale of its subsidiaries Gru Comedil and RT Cranes Italy to Raimondi Group. The transaction, which concluded with a double closing on October 31, involved the sale of Gru Comedil, a company specializing in the design, production (including through third parties), commercialization, and rental of lifting and transportation equipment and systems. Additionally, RT Cranes, which operates in the design, production, maintenance, repair, assembly, commercialization, and rental of lifting and transportation equipment, industrial machinery, and related accessories and spare parts, was also sold. The buyer, Raimondi Group, is owned by Arada Industries LLC, part of the UAE-based Arada Group, and is a global player in the production of tower cranes and heavy lifting solutions. The transaction was led by Antonio Grava, senior partner at Grava & Associati Studio Legale-Tributario, specializing in corporate and M&A practice.

"Terex Corporation Completes Sale of Gru Comedil and RT Cranes Italy to Raimondi Group"

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