Caterpillar Inc. Enters Into Agreement to Acquire RPMGlobal

Rhea-AI Summary

Caterpillar (NYSE: CAT) entered into an agreement to acquire RPMGlobal (ASX: RUL), an Australian mining-software company headquartered in Brisbane with roots back to 1977.

The companies say RPMGlobal's mining asset, fleet and autonomy software complements Caterpillar's existing technologies. The deal requires RPMGlobal shareholder and regulatory approvals and other customary closing conditions, and is expected to close in Q1 2026. J.P. Morgan Securities LLC is serving as Caterpillar's financial advisor.

Positive

• Acquires a mining-software leader with legacy since 1977
• Strategic fit: complements asset, fleet, and autonomy offerings
• Targeted close in Q1 2026 provides clear near-term timeline

Negative

• Deal subject to shareholder and regulatory approvals
• Completion contingent on customary closing conditions (risk of delay)

IRVING, Texas, Oct. 12, 2025 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) today entered into an agreement to acquire RPMGlobal Holdings Limited (ASX: RUL), an Australian-based software company.

Headquartered in Brisbane, Australia, RPMGlobal is a leading provider of mining software solutions with a legacy dating back to 1977. RPMGlobal has deep domain expertise in mining technology enablement, providing global customers with data-driven software solutions at every stage of the mining lifecycle.

"RPMGlobal's culture and agile approach to developing solutions aligns well with Caterpillar's intense focus on solving customer needs," said Denise Johnson, group president, Caterpillar Resource Industries. "Their software solutions complement Caterpillar's existing technologies, especially in areas such as asset management, fleet management and autonomy. Together, we have the potential to enhance mine-site operations for our customers, unlocking even greater value."

This agreement requires approval by RPMGlobal shareholders and various regulatory authorities and is subject to other customary closing conditions. 

The transaction is expected to close in the first quarter of 2026. The RPMGlobal release can be referenced for further information: https://rpmglobal.com/company-update-caterpillar-cat-and-rpm-have-signed-a-binding-scheme-implementation-deed/.

J.P. Morgan Securities LLC is serving as Caterpillar's financial advisor for the transaction. 

About Caterpillar 
With 2024 sales and revenues of $64.8 billion, Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For 100 years, we've been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/en/news/social-media.html.

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SOURCE Caterpillar Inc.

FAQ

What did Caterpillar (CAT) announce on October 12, 2025 about RPMGlobal?

Caterpillar announced an agreement to acquire RPMGlobal (ASX: RUL), a Brisbane-based mining-software company.

When is the Caterpillar and RPMGlobal transaction expected to close?

The companies expect the transaction to close in Q1 2026, subject to approvals and closing conditions.

What approvals are required for Caterpillar's acquisition of RPMGlobal (CAT)?

The agreement requires RPMGlobal shareholder approval, various regulatory approvals, and customary closing conditions.

How does RPMGlobal fit with Caterpillar's business strategy (CAT)?

RPMGlobal's software complements Caterpillar's technology in asset management, fleet management, and autonomy to enhance mine-site operations.

Who is advising Caterpillar on the RPMGlobal acquisition?

J.P. Morgan Securities LLC is serving as Caterpillar's financial advisor for the transaction.