Caterpillar Buys RPMGlobal After $19.1B Q4 Sales; Stake Slashed 93% By Aster
On Feb 17 Caterpillar confirmed acquisition of Australian mining software firm RPMGlobal to bolster its data-driven mining technology portfolio, following record Q4 sales of $19.1 billion and a robust backlog. Meanwhile, Aster Capital Management DIFC Ltd slashed its position in Caterpillar shares by 93% to 918 shares.
1. Acquisition of RPMGlobal Expands Mining Technology Portfolio
Caterpillar confirmed on Feb 17 the purchase of Australia-based RPMGlobal Holdings Limited, gaining access to data-driven software solutions for mine planning and operations. Combined with record fourth-quarter sales of $19.1 billion and a record backlog, the deal aims to integrate RPMGlobal’s analytics with Caterpillar’s equipment to drive efficiency across mining sites.
2. Aster Capital Management Cuts 93% Stake
Aster Capital Management DIFC Ltd reduced its holding in Caterpillar by 93.0%, selling 12,290 shares to retain 918 shares. The move reflects a significant strategic reallocation by the firm, though the smaller remaining position limits its overall impact on Caterpillar’s shareholder base.