# 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.

- Type: Acquisition
- Announced: 2025-08-01
- Where: Carpi, Modena, Italy
- Status: completed
- Products: truck mounted lifts, spider lifts
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [CTE Group](https://endata.com/companies/33423.md) (target)
- [Socage](https://endata.com/companies/86508.md) (acquirer)

## Sources

- [vertikal.net](https://vertikal.net/en/news/story/46713/socage-acquires-cte), 2025-08-07: "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.'"
- [socageworld.com](https://socageworld.com/socage-acquires-cte/), 2025-08-07: "CTE has a strong know-how in the market of aerial and self-propelled tracked platforms, offering a solid range of products and solutions worldwide with high added value for its customers."
- [socageworld.com](https://socageworld.com/socage-and-cte/), 2025-10-01: "The transaction, completed in August 2025, gave rise to a unique organisation that brings together deep market knowledge, well-established industrial expertise and commercial synergies."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.