Socage acquires majority stake in CTE

Italian truck and spider lift manufacturer Socage has acquired a majority stake in fellow Italian CTE, one of its main competitors. The acquisition should boost Socage group revenues next year to around €190 million.

“Socage chief executive Fiorenzo Flisi said: 'CTE has a strong know how in the market of truck mounted and self-propelled spider lifts, offering a solid range of products and solutions worldwide with high added value for its customers.'”vertikal.net

• 3 sources
• vertikal.netSocage acquires CTE | Vertikal.netAug 7, 2025
• socageworld.comSocage acquires the majority of CTE S.p.A. share capital, expanding its product range.SocageAug 7, 2025
• socageworld.comSocage and CTE: a shared strategic vision | SocageSocageOct 1, 2025

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