After lodging a non-binding indicative proposal to acquire all RPMGlobal shares and options, Caterpillar Inc has now entered into a formal agreement to acquire the Australia-based software company.
Headquartered in Brisbane, RPM is a leading provider of mining software solutions with a legacy dating back to 1977. It has deep domain expertise in mining technology enablement, providing global customers with data-driven software solutions at every stage of the mining lifecycle.
While Caterpillar did not disclose the amount it intended to pay for RPM, RPM’s separate release said it was inline with the A$1.12 billion ($732 million) equity valuation originally acknowledged in its disclosure.
“RPMGlobal’s culture and agile approach to developing solutions aligns well with Caterpillar’s intense focus on solving customer needs,” Denise Johnson, Group President, Caterpillar Resource Industries, said. “Their software solutions complement Caterpillar’s existing technologies, especially in areas such as asset management, fleet management and autonomy. Together, we have the potential to enhance mine-site operations for our customers, unlocking even greater value.”
Stephen Baldwin, Chair of the RPM Board, which unanimously recommended that shareholders vote in favour of the transaction, said: “We believe the transaction represents an excellent outcome for RPM shareholders, recognising the significant progress the company has made in transforming into a global leader in mining software and technology solutions. Importantly, Caterpillar’s global reach and resources will provide an enhanced platform for RPM’s products, customers and employees to continue to thrive.”
This agreement requires approval by RPMGlobal shareholders and various regulatory authorities and is subject to other customary closing conditions. It is expected to close in the March quarter of 2026.
