Socage Completes Majority Acquisition of CTE
Deal News | Aug 07, 2025 | Finance Community IT - 1 Corporate M&A
In a strategic move to strengthen its presence in the aerial platform market, Socage finalized the acquisition of a 70% stake in CTE on August 6, 2025. CTE has over 40 years of experience in designing, producing, and distributing truck-mounted and crawler aerial platforms, making it one of the leading players in Italy. This acquisition is projected to elevate the combined company's revenues to approximately €190 million by 2026. The legal aspects of the transaction were managed by Studio Legale Salardi for Socage and Mellone Law Firm for the sellers. Financial and fiscal advice was provided by Studio Spaggiari Pivetti & Partners for Socage and Studio Bettini Commercialisti Associati for CTE. Socage's CEO, Fiorenzo Flisi, emphasized the synergy between the two companies and the mutual values shared by Socage and CTE. CTE's founders, Lorenzo Cipriani and Giampaolo Piovan, highlighted the strategic partnership as a pivotal moment for CTE's product range expansion and production enhancement.
Sectors
- Aerial Work Platforms
- Manufacturing and Equipment
- Corporate Finance and M&A
Geography
- Italy – Both Socage and CTE are Italian companies, and the transaction focuses on the Italian aerial platform market.
- International – The article mentions the strategic international expansion intended by Socage, leveraging CTE’s distribution network.
Industry
- Aerial Work Platforms – The article discusses the acquisition of CTE, a company specialized in aerial platforms, by Socage, indicating the focus on this particular industry.
- Manufacturing and Equipment – Both Socage and CTE are involved in the production and distribution of machinery and equipment for aerial work, relevant to this sector.
- Corporate Finance and M&A – The transaction involving the acquisition of CTE by Socage falls under corporate finance and Mergers & Acquisitions.
Financials
- 70% – Percentage of CTE's share capital acquired by Socage.
- €190 million – Projected revenue for the combined entity by 2026.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Socage | Acquiring Company | Company | Socage is a company focused on strengthening its market position in aerial work platforms. |
| CTE | Target Company | Company | CTE is an Italian leader in the design and production of aerial platforms, recently acquired by Socage. |
| Studio Legale Salardi | Legal Advisor for Socage | Company | Provided legal advisory services to Socage for the acquisition transaction. |
| Mellone Law Firm | Legal Advisor for CTE | Company | Assisted the selling side (CTE) in the legal aspects of the acquisition. |
| Studio Spaggiari Pivetti & Partners | Financial and Tax Advisor for Socage | Company | Advised Socage on financial and fiscal matters during the acquisition. |
| Studio Bettini Commercialisti Associati | Financial and Tax Advisor for CTE | Company | Advised CTE on financial and fiscal matters during the acquisition. |
| Fiorenzo Flisi | CEO of Socage | Person | Leader of Socage, commented on the strategic acquisition of CTE. |
| Lorenzo Cipriani | Founder of CTE | Person | Founder of CTE, commented on the acquisition and future growth plans. |
| Giampaolo Piovan | Founder of CTE | Person | Founder of CTE, commented on the strategic partnership with Socage. |