Socage Acquires Majority Stake in CTE
Deal News | Aug 07, 2025 | Legal Community Italy
On August 6, 2025, Socage successfully completed the acquisition of a 70% stake in CTE, marking a significant milestone in Socage's strategic expansion within the aerial platform market. CTE has established itself over four decades as a leading Italian company in designing, manufacturing, and distributing truck-mounted and crawler-mounted aerial platforms. Legal, financial, and fiscal advisory for Socage was provided by Stefano and Elia Salardi from Salardi Law Firm and Studio Spaggiari Pivetti & Partners, while Marco Mellone from Mellone Law Firm and Studio Bettini Commercialisti Associati supported CTE.
Sectors
- Aerial Work Platforms
- Legal Services
- Financial Advisory
Geography
- Italy – Both Socage and CTE are key players in the Italian market, and the transaction highlights activity within this region.
Industry
- Aerial Work Platforms – The article centers on companies involved in the design, production, and distribution of aerial platforms used for work at height.
- Legal Services – The involvement of multiple law firms indicates the importance of legal advisory services in the transaction.
- Financial Advisory – The services of financial and tax advisors were crucial in executing the acquisition deal.
Financials
- 70% – The percentage of CTE's shares acquired by Socage.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Socage | Bidding Company | Company | A company acquiring a 70% stake in CTE, aiming to enhance its market presence in aerial platforms. |
| CTE | Target | Company | An established Italian player in aerial platform distribution, now majority owned by Socage. |
| Salardi Law Firm | Legal Advisor for Socage | Company | Provided legal advice to Socage for the acquisition. |
| Mellone Law Firm | Legal Advisor for CTE | Company | Provided legal advice to CTE for the acquisition. |
| Studio Spaggiari Pivetti & Partners | Financial Advisor for Socage | Company | Assisted Socage with financial and tax aspects of the transaction. |
| Studio Bettini Commercialisti Associati | Financial Advisor for CTE | Company | Advised CTE on the financial and tax implications of the sale. |