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 Acquire Brisbane-Based Mining Software Firm RPMGlobal for $5 Per Share; Deal Expected to Close Q1 2026
Caterpillar Inc. (NYSE: CAT) entered into an agreement to acquire RPMGlobal Holdings Limited (ASX: RUL).
Caterpillar will acquire RPMGlobal for $5 per share in cash. The $5-per-share offer represents a 32.6% premium over RPMGlobal’s previous closing price of $3.77. The transaction values RPMGlobal at about $1.1 billion (approximate).
Key approvals and timing
RPMGlobal’s board unanimously supported the deal. The agreement is subject to approval by RPMGlobal shareholders. The agreement is subject to approval by various regulatory authorities. The agreement is subject to court approvals. The transaction is subject to other customary closing conditions. Caterpillar expects the transaction to close in the first quarter of 2026.
Why the companies say the move matters
The buyer said adding RPMGlobal will strengthen its capabilities in asset management, fleet management and autonomy. The buyer also stated that adding RPMGlobal will enhance mine-site operations for customers. Caterpillar continues to expand its technology offerings in resource industries.
About RPMGlobal
RPMGlobal is an Australian-based/mining software company headquartered in Brisbane, Queensland. RPMGlobal was founded in 1977. RPMGlobal has provided data-driven mining software since 1977 and is described as a leading provider of mining software solutions with deep domain expertise in mining technology enablement. RPMGlobal provides data-driven software solutions that support customers through every stage of the mining lifecycle.
Company leadership and advisers
Denise Johnson is group president, Caterpillar Resource Industries. Denise Johnson said RPMGlobal’s software solutions complement Caterpillar’s existing technologies, especially in areas such as asset management, fleet management and autonomy. J.P. Morgan Securities is serving as Caterpillar’s financial adviser for the transaction.
Deal mechanics and documents
The transaction structure referenced includes a scheme implementation deed. The RPMGlobal release referenced: https://rpmglobal.com/company-update-caterpillar-cat-and-rpm-have-signed-a-binding-scheme-implementation-deed/
Context on Caterpillar
Caterpillar’s 2024 sales and revenues were $64.8 billion. Caterpillar has been in business for 100 years. Caterpillar operates principally through three primary segments: Construction Industries, Resource Industries and Energy & Transportation. Caterpillar provides financing and related services through its Financial Products segment and does business on every continent.
What to watch next
The immediate next steps are shareholder votes, regulatory filings and court approvals where required. If approvals proceed on the expected timeline, the transaction would become final in the first quarter of 2026 and begin the formal process of integrating RPMGlobal’s software and teams into Caterpillar’s resource-industry technology stack.
Summary takeaway
The deal pairs a century-old heavy-equipment company with a long-standing mining software provider. The transaction brings together hardware fleet and asset expertise with data-driven mining software intended to improve asset management, fleet management and autonomy across mine sites.
FAQ
What did Caterpillar agree to do?
Caterpillar Inc. (NYSE: CAT) entered into an agreement to acquire RPMGlobal Holdings Limited (ASX: RUL).
How much will Caterpillar pay per share?
Caterpillar will acquire RPMGlobal for $5 per share in cash.
How does the offer compare to the previous stock price?
The $5-per-share offer represents a 32.6% premium over RPMGlobal’s previous closing price of $3.77.
What is the transaction value?
The transaction values RPMGlobal at about $1.1 billion (approximate).
Did RPMGlobal’s board approve the deal?
RPMGlobal’s board unanimously supported the deal.
What approvals are required?
The agreement is subject to approval by RPMGlobal shareholders.
The agreement is subject to approval by various regulatory authorities.
The agreement is subject to court approvals.
The transaction is subject to other customary closing conditions.
When is the deal expected to close?
Caterpillar expects the transaction to close in the first quarter of 2026.
Who at Caterpillar commented on the acquisition?
Denise Johnson is group president, Caterpillar Resource Industries.
Denise Johnson said RPMGlobal’s software solutions complement Caterpillar’s existing technologies, especially in areas such as asset management, fleet management and autonomy.
Who advised Caterpillar?
J.P. Morgan Securities is serving as Caterpillar’s financial adviser for the transaction.
Where can I find the RPMGlobal company update?
The RPMGlobal release referenced: https://rpmglobal.com/company-update-caterpillar-cat-and-rpm-have-signed-a-binding-scheme-implementation-deed/
Key features at a glance
| Feature | Detail |
|---|---|
| Buyer | Caterpillar Inc. (NYSE: CAT) |
| Target | RPMGlobal Holdings Limited (ASX: RUL) |
| Purchase price | $5 per share in cash |
| Premium | 32.6% over RPMGlobal’s previous closing price of $3.77 |
| Approximate transaction value | about $1.1 billion (approximate) |
| Board approval | RPMGlobal’s board unanimously supported the deal |
| Required approvals | RPMGlobal shareholders; various regulatory authorities; court approvals; other customary closing conditions |
| Expected close | Caterpillar expects the transaction to close in the first quarter of 2026 |
| Adviser | J.P. Morgan Securities is serving as Caterpillar’s financial adviser for the transaction |
| RPMGlobal HQ | Brisbane, Queensland, Australia |
| RPMGlobal founding year | 1977 |
| Caterpillar 2024 revenue | $64.8 billion |
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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