Caterpillar Expands Mining Tech with $728M RPMGlobal Acquisition
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.