Caterpillar is set to acquire Australian-based software company RPMGlobal Holdings to enhance its mining technology solutions. The financial details of the deal have not been disclosed. RPMGlobal, founded in 1977 and headquartered in Brisbane, provides mining software solutions.

This acquisition aligns with Caterpillar’s focus on solving customer needs and improving mine-site operations. RPMGlobal’s data-driven software solutions complement Caterpillar’s existing technologies in asset management, fleet management, and autonomy. The deal requires approval from RPMGlobal shareholders and regulatory authorities, expected to close in Q1 2026.

Caterpillar reported $64.8bn in sales and revenues in 2024, manufacturing construction and mining equipment, diesel engines, gas turbines, and diesel-electric locomotives. The company aims to unlock greater value for customers through the RPMGlobal acquisition. JP Morgan Securities is Caterpillar’s financial advisor for the deal.

In collaboration with Brazilian mining company Vale, Caterpillar is focusing on productivity, innovation, and carbon reduction. This partnership includes developing a dual-fuel haul truck running on diesel and ethanol. Last year, BHP announced plans to trial Caterpillar’s energy transfer technology, the Cat DET system, for charging electric haul truck batteries in motion.

Read more at Yahoo Finance: Caterpillar to acquire mining software solutions provider RPMGlobal