What began as a $1.1 billion bid in late 2025 has become a deal sealed after RPMGlobal was acquired by Caterpillar Incorporated to expand the manufacturer’s portfolio.
Caterpillar Resource Industries group president Denise Johnson said that acquiring the Australian company is a “notable milestone”, after an agreement was reached in October last year.
“It would support our strategy to solve the challenges our mining customers face every day,” Johnson said.
In September 2025, Australian Mining covered Caterpillar’s $1.1 billion bid to acquire RPMGlobal, with Veritas analyst Max Moore telling the Australian Financial Review that the move, valued at $5 per share, was “of the highest quality”.
Circling back to the current day, chief executive officer (CEO) of RPMGlobal Richard Mathews said that given the complementary nature of the two companies’ technology offerings, Caterpillar is an “ideal home” for the company’s people and its software products.
As Caterpillar’s sales and revenues hit $US67.6 billion ($A96 billion), the company is shaping itself to be the world’s leading manufacturer of construction and mining equipment, off-highway diesel, natural gas engines, industrial gas turbines, and diesel-electric locomotives.
“All the while advancing the future of mining technology in a way that is practical, scalable, and grounded in their needs.”
RPMGlobal has been providing mining businesses with innovative software solutions and deep domain expertise for almost 50 years.
In 2022, the company developed XECUTE, a live, multi-user, mine planning digital environment that updates as changes are made, used globally to plan the movement of more than 11 million tonnes of material a day, and supporting more than $91 billion of shipped product each year.
“The team and I are looking forward to working with the Caterpillar team for the benefit of our customers.”