Brisbane, Queensland, Australia, October 15, 2025
News Summary
Caterpillar Inc. has agreed to acquire RPMGlobal Holdings Limited for $5 per share in cash, representing a roughly 32.6% premium and valuing the company at about $1.1 billion. RPMGlobal’s board unanimously supported the transaction, which remains subject to shareholder, regulatory and court approvals and other customary closing conditions. Caterpillar expects the deal to close in the first quarter and plans to integrate RPMGlobal’s data-driven mining software to strengthen asset management, fleet management and autonomy offerings, expanding its technology capabilities across mine-site operations.
Caterpillar to buy Brisbane-based mining software firm RPMGlobal for $5 a share; deal set to close Q1 2026
IRVING, Texas, Oct. 12, 2025. Caterpillar Inc. has entered into an agreement to acquire RPMGlobal Holdings Limited in a cash transaction that values the target at about $1.1 billion. The deal calls for Caterpillar to pay $5 per share in cash, which represents a 32.6% premium over RPMGlobal’s previous closing price of $3.77.
Key terms and timeline
The agreement is structured through a scheme implementation deed and is subject to approval by RPMGlobal shareholders, various regulatory authorities and court approvals, along with other customary closing conditions. Caterpillar expects the transaction to close in the first quarter of 2026.
Companies and advisers
RPMGlobal is an Australian-based mining software company headquartered in Brisbane, Queensland. The firm was founded in 1977 and has provided data-driven mining software since 1977. It is listed on the Australian Securities Exchange under the ticker ASX: RUL. Caterpillar is listed on the New York Stock Exchange under the ticker NYSE: CAT. J.P. Morgan Securities LLC is serving as Caterpillar’s financial adviser for the transaction.
How the acquisition fits operationally
Caterpillar said adding RPMGlobal will strengthen its capabilities in asset management, fleet management and autonomy and will enhance mine-site operations for customers. Denise Johnson, group president of Caterpillar Resource Industries, said RPMGlobal’s culture and agile approach to developing solutions aligns well with Caterpillar’s intense focus on solving customer needs. Denise Johnson said RPMGlobal’s software solutions complement Caterpillar’s existing technologies, especially in areas such as asset management, fleet management and autonomy. Denise Johnson said Together, we have the potential to enhance mine-site operations for our customers, unlocking even greater value.
Board and approvals
RPMGlobal’s board unanimously supported the deal. The agreement remains subject to approval by RPMGlobal shareholders, various regulatory authorities, court approvals and other customary closing conditions.
Financial context and company background
The transaction values RPMGlobal at about $1.1 billion (approximate). Caterpillar’s publicly stated 2024 sales and revenues were $64.8 billion. Caterpillar is described in company materials as a manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives; the company operates through three primary segments: Construction Industries, Resource Industries and Energy & Transportation, and provides financing and related services through its Financial Products segment. Caterpillar has been in business for 100 years and conducts business on every continent.
Where to find more information
RPMGlobal provided a company update on the agreement at: rpmglobal.com/company-update-caterpillar-cat-and-rpm-have-signed-a-binding-scheme-implementation-deed/
FAQ
What is the purchase price?
Caterpillar will acquire RPMGlobal for $5 per share in cash.
How much of a premium is the offer?
The $5-per-share offer represents a 32.6% premium over RPMGlobal’s previous closing price of $3.77.
What is the approximate value of the transaction?
The transaction values RPMGlobal at about $1.1 billion (approximate).
When is the deal expected to close?
Caterpillar expects the transaction to close in the first quarter of 2026.
What approvals are required?
The agreement is subject to approval by RPMGlobal shareholders, various regulatory authorities and court approvals, and is subject to other customary closing conditions.
Who is advising Caterpillar on the deal?
J.P. Morgan Securities LLC is serving as Caterpillar’s financial adviser for the transaction.
Where is RPMGlobal based and when was it founded?
RPMGlobal is headquartered in Brisbane, Queensland, Australia. RPMGlobal was founded in 1977.
What does Caterpillar expect the acquisition to add?
Caterpillar stated that adding RPMGlobal will strengthen its capabilities in asset management, fleet management and autonomy, and will enhance mine-site operations for customers.
Did RPMGlobal’s board support the deal?
RPMGlobal’s board unanimously supported the deal.
Key features at a glance
| Feature | Detail |
|---|---|
| Acquirer | Caterpillar Inc. (NYSE: CAT) |
| Target | RPMGlobal Holdings Limited (ASX: RUL) |
| Purchase price | $5 per share in cash |
| Premium | 32.6% premium over RPMGlobal’s previous closing price of $3.77 |
| Approximate transaction value | The transaction values RPMGlobal at about $1.1 billion (approximate) |
| Expected close | Caterpillar expects the transaction to close in the first quarter of 2026 |
| Approvals required | RPMGlobal shareholder approval; various regulatory and court approvals; customary closing conditions |
| Adviser | J.P. Morgan Securities LLC |
| RPMGlobal HQ and founding | Headquartered in Brisbane, Queensland; founded in 1977 |
| Strategic rationale | Strengthen capabilities in asset management, fleet management and autonomy; enhance mine-site operations for customers |
| Board position | RPMGlobal’s board unanimously supported the deal |
Deeper Dive: News & Info About This Topic
Additional Resources
- Equipment Finance News: Caterpillar acquires mining software firm RPMGlobal
- Wikipedia: Caterpillar Inc.
- Global Mining Review: Caterpillar Inc. enters into agreement to acquire RPMGlobal
- Google Search: Caterpillar RPMGlobal acquisition
- Canadian Mining Journal: Caterpillar expands digital mining portfolio with RPMGlobal deal
- Google Scholar: RPMGlobal mining software
- The Australian Financial Review: Caterpillar’s $1b RPMGlobal buy — a $40m payday for low-key founder
- Encyclopedia Britannica: RPMGlobal (search)
- PR Newswire: Caterpillar Inc. Enters into Agreement to Acquire RPMGlobal
- Google News: Caterpillar RPMGlobal
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