Socage is consolidating its position and product offering through the acquisition of the majority of the share capital of CTE S.p.A., a company with over 40 years of experience in the manufacture and distribution of truck-mounted aerial platforms and tracked aerial platforms.
Fiorenzo Flisi, CEO of Socage, states: “CTE has in-depth expertise in truck-mounted aerial platforms and tracked aerial platforms, offering its customers worldwide a solid range of high value-added products and solutions. We share the same values and CTE fits perfectly into our group. We are continuing our strategy to strengthen our international presence in the aerial platform sector . CTE’s range of products and services perfectly complements that of Socage and, thanks to its own sales and distribution network, which will continue to operate independently, enables more comprehensive customer support in Italy and abroad
“CTE has grown steadily, both organically and through strategic acquisitions, and has significantly improved its market position. We have always focused on seeking partnerships based on solid and continuous relationships with both customers and suppliers in order to create a cooperative environment. The agreement with Socage is an important milestone in CTE’s strategy to expand its product range and improve the production structure through industrial synergies that will bring significant benefits to CTE’s distribution network. The same vision and goal have guided us in the discussions and relationships with Socage. We greatly appreciate the proactive and customer-oriented approach that forms the basis for further joint growth both in Italy and abroad “, explain Lorenzo Cipriani and Giampaolo Piovan, founders of CTE Spa.
Thanks to this transaction, the entirety of the companies controlled by Socage Srl forecasts and estimates a turnover of approximately 190 million euros for 2026.
Stefano Pivetti of Spaggiari Pivetti & Partners and Stefano and Elia Salardi of the law firm Salardi advised Socage on the tax and legal aspects of the entire transaction.
Andrea Bettini of Studio Bettini Commercialisti Associati and Marco Mellone of Mellone Law Firm acted as advisors to CTE.