Caterpillar to Acquire Australia’s RPMGlobal for $728

Caterpillar Inc., a leading manufacturer of construction and mining equipment, has announced its decision to acquire Australian mining software company RPMGlobal for A$1.12 billion (approximately $728 million USD). This acquisition, which follows a similar move by the Weir Group’s acquisition of Micromine, marks a significant consolidation in the Australian mining technology sector. RPMGlobal, Australia’s last listed mining software firm, will be delisted from the Australian Securities Exchange upon completion of the deal. The acquisition is currently under review by Australia’s Foreign Investment Review Board and its competition regulator, as well as RPMGlobal’s shareholders.

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