Caterpillar Completes $5 Cash Buyout of RPMGlobal, Shares Delisted
Caterpillar has finalized its acquisition of RPMGlobal, paying shareholders A$5.00 per share and prompting RPMGlobal’s removal from the ASX. This marks a significant shift in the mining software landscape.
- Caterpillar acquires 100% of RPMGlobal via scheme of arrangement
- Shareholders receive A$5.00 cash per share
- Federal Court and shareholders approved the deal
- RPMGlobal shares suspended and delisted from ASX
- Acquisition closes after nearly 18 years of RPMGlobal’s public listing
Acquisition Finalised
On 18 February 2026, RPMGlobal Holdings Limited (ASX – RUL) officially became a wholly owned subsidiary of Caterpillar Inc, following the implementation of a scheme of arrangement approved by both RPM shareholders and the Federal Court of Australia. The acquisition, executed through Revolution HoldCo Pty Ltd; a Caterpillar subsidiary; culminated in a cash payment of A$5.00 per share to RPM shareholders recorded as of 11 February 2026.
This transaction marks the end of RPMGlobal’s independent public company status after nearly 18 years since its ASX listing in May 2008. The company, known for its mining software solutions deployed in over 125 countries, will now operate under the umbrella of one of the world’s largest industrial equipment manufacturers.
Delisting and Market Impact
Trading in RPMGlobal shares was suspended on 4 February 2026, ahead of the scheme’s implementation. The company is set to be officially delisted from the ASX at the close of trading on 19 February 2026, removing it from public market scrutiny and signaling a new chapter as a private entity.
For shareholders, the A$5.00 per share cash consideration provides immediate liquidity, though it also closes the door on future public market participation. The deal reflects Caterpillar’s strategic intent to deepen its footprint in mining technology, leveraging RPMGlobal’s software expertise to enhance its mining equipment offerings.
Looking Ahead
While the acquisition promises synergies between Caterpillar’s industrial scale and RPMGlobal’s software innovation, details on integration plans remain sparse. Stakeholders will be watching closely to see how Caterpillar capitalizes on RPMGlobal’s domain expertise and whether this signals further consolidation in the mining software sector.
RPMGlobal’s leadership expressed gratitude to shareholders and the broader community for their support over the years, closing a significant chapter in the company’s history. As the mining industry continues to evolve, this acquisition could be a bellwether for how technology providers align with heavy equipment manufacturers to drive operational efficiencies.
Bottom Line?
Caterpillar’s acquisition closes a major chapter for RPMGlobal, setting the stage for deeper mining tech integration.
Questions in the middle?
- How will Caterpillar integrate RPMGlobal’s software into its existing mining solutions?
- What are the long-term plans for RPMGlobal’s product development under Caterpillar ownership?
- Could this acquisition trigger further consolidation in the mining software industry?
