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Caterpillar Expands Mining Tech with $728M RPMGlobal Acquisition

Caterpillar Expands Mining Tech with $728M RPMGlobal Acquisition

Published:
2025-10-13 14:32:03
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BTCCSquare news:

Caterpillar Inc. (NYSE: CAT) is set to acquire Australian mining software provider RPMGlobal Holdings for $728 million, a MOVE that bolsters its position in mining technology. The deal, expected to close in Q1 2026, offers a 32.6% premium to RPMGlobal's recent share price.

Despite closing down 1.81% at $491.30 on October 10, CAT shares rebounded 1.66% in pre-market trading. The acquisition targets RPMGlobal's expertise in fleet management and autonomy—key growth areas for Caterpillar's mining division.

Meanwhile, Dutch pension fund ABP divested its €387 million Caterpillar stake citing ethical concerns, while Erste Group upgraded CAT to Buy, anticipating robust profit growth through 2026.

|Square

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