Shares of Caterpillar Inc (NYSE:CAT) gained 2.4% in premarket trading Monday after the company said it has reached an agreement to acquire Australian mining software company RPMGlobal Holdings Limited (ASX:RUL).
The acquisition aims to boost Caterpillar’s technological footprint in the mining industry by integrating RPMGlobal’s advanced data-driven software solutions, which cover key phases of the mining lifecycle. Founded in 1977 and headquartered in Brisbane, RPMGlobal is known for its expertise in developing digital tools for global mining operations.
“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 of Caterpillar Resource Industries. “Their software solutions complement Caterpillar’s existing technologies, especially in areas such as asset management, fleet management and autonomy.”
The deal remains subject to shareholder and regulatory approval and is expected to close in the first quarter of 2026. J.P. Morgan Securities LLC is acting as Caterpillar’s financial advisor.
This acquisition underscores Caterpillar’s strategy to expand its digital mining offerings and deliver more integrated, high-value technology solutions to its customers. Financial details of the transaction were not disclosed.
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