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Investing.com -- Caterpillar Inc (NYSE:CAT) stock rose 2.4% in premarket trading after the company announced an agreement to acquire Australian mining software provider RPMGlobal Holdings Limited (ASX:RUL).
The acquisition will expand Caterpillar’s technology capabilities in the mining sector, adding RPMGlobal’s data-driven software solutions that cover various stages of the mining lifecycle. The Brisbane-based company, which has been operating since 1977, specializes in mining technology enablement for global customers.
"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 transaction requires approval from RPMGlobal shareholders and regulatory authorities. It is expected to close in the first quarter of 2026, with J.P. Morgan Securities LLC serving as Caterpillar’s financial advisor for the deal.
The acquisition represents Caterpillar’s strategic move to strengthen its digital offerings for mining customers, potentially enhancing mine-site operations and creating additional value for clients through integrated technology solutions.
Financial terms of the acquisition were not disclosed in the announcement.
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