Socage consolidates its position and product offering, acquiring a majority stake in CTE S.p.A., a company with more than 40 years of experience in the production and distribution of truck mounted and self-propelled tracked (spiders) aerial platforms.
Fiorenzo Flisi, Socage CEO, states: “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. We share the same values. CTE fits perfectly into our group. We continue our strategy of strengthening our international presence in the aerial platforms market. CTE range of products and services are highly complementary to those of Socage, allowing for broader support to customers in Italy and internationally, thanks to its own sales and distribution network, which will continue to operate independently.
“CTE has constantly grown, organically and through strategic acquisitions, significantly improving its market positioning. We have always focused on developing partnerships based on strong and stable relationships with customers and suppliers, creating a collaborative environment. The agreement with Socage is a key step in CTE strategy to expand its product range. It will also improve its production structure through industrial synergies that will significantly benefit CTE distribution network. The same vision and goal have guided our dialogue and relationship with Socage. We greatly appreciate its proactive and customer-focused approach as a groundwork for further joint growth, both in Italy and internationally,” stated Lorenzo Cipriani and Giampaolo Piovan, founders of CTE Spa.
Thanks to this transaction, the companies controlled by Socage Srl estimate revenues of approximately €190 million for 2026.
Stefano Pivetti of Spaggiari Pivetti & Partners and Stefano and Elia Salardi of Studio Legale Salardi supported Socage with the fiscal and legal aspects of the operation.
Andrea Bettini of Bettini Commercialisti Associati and Marco Mellone of Mellone Law Firm were the consultants on behalf of CTE.