20.05.2026

Pagliero acquires Palazzani

Italian truck mounted and spider lift manufacturer Multitel Pagliero has acquired a majority stake in Italian spider lift manufacturer Palazzani.

Palazzani will continue to operate independently under its own name and in its own unique style. Multitel will, however, provide back room support in areas such as production, purchasing and other strategic areas. The Palazzani family will, we assume, retain a significant stake in the family business, but no details of the transaction have been released.

The two companies began working together in the mid 2000’s, resulting in the launch of the 17 metre Multitel SMX 170/Palazzani TZX 170 spider lift, which married a Multitel boom with a Palazzani undercarriage. The move was a success, with the range added to over the years, making Multitel a significant participant in the spider lift market, while providing Palazzani with a line of smaller articulated models.

A formal statement went on to say: “By absorbing complementary skills and key markets, this strategic operation significantly broadens Multitel Pagliero’s technological and application scope and strengthens the group’s international positioning.”

“The merger between stems from a shared vision and common roots, two Italian family run businesses with strong links to their local communities but firmly focused on exports, have built their growth on quality, technical expertise, continual innovation and close attention to customers.”

“In this respect, the acquisition is more than just an industrial step; it is the confirmation of an already tangible convergence between two companies that share similar market strategies and aspirations for working at heights.”

Renzo Pagliero added: “This acquisition represents a natural step in our growth path. Palazzani is a company with which we share profound values, a solid industrial culture and an international vision. Together we will be able to further expand our worldwide reach and offer customers increasingly comprehensive solutions, while continuing to ensure the essential values of quality, innovation and reliability”

“The merging of the two companies will result in significant synergies, thanks to the complementary product lines. Palazzani platforms will be added to Multitel’s truck mounted platforms, creating an even broader and more versatile offering that can satisfy an even wider range of application requirements.”

Paola Palazzani said: “Joining a group like Multitel Pagliero will be a significant opportunity for us. It will allow us to accelerate our development, maintaining the values that have always distinguished our company while strengthening our presence in international markets."

Vertikal Comment

This is a very interesting move, but not totally surprising - it makes sense for both parties. While the two companies have worked together for almost 20 years, there was a sense in the past couple of years that the co-operation had run its course and that the two companies were moving apart. Palazzani introduced new articulated spider lifts at Bauma last year with its own booms, while Pagliero hinted that it was developing its own undercarriages.

The latter may well have been a result of Multitel simply reviewing its spider lift strategy, which then led to today's news?

Palazzani has chopped and changed a little during its generational handover, but appeared to have settled down with some high level management appointments including the appointment of Francesco Zola as chief executive in 2024. It has been on a major distribution and fairly rapid distribution expansion in the past year or so.

Perhaps these moves focused the two companies' minds, leading to the mutual recognition that a merger would be the best strategy for both of them. The particularly positive outcome is that the combined businesses remain solidly family owned.