06:52 AM EDT, 10/13/2025 (MT Newswires) -- (Updates with details from RPMGlobal's press release in the second paragraph.)

Caterpillar ( CAT ) said Sunday it agreed to acquire Australia-based mining software company RPMGlobal Holdings.

Separately, RPMGlobal said its shareholders will be entitled to receive 5 Australian dollars ($3.26) cash per share, representing a roughly 33% premium to its Aug. 28 closing price, the last trading day before the announcement of Caterpillar's ( CAT ) nonbinding, conditional and indicative proposal. The deal implies an equity value of A$1.12 billion and an enterprise value of $1.05 billion, RPMGlobal said.

Caterpillar ( CAT ) said it expects the deal to close in Q1, subject to RPMGlobal shareholder approval and other conditions.

Caterpillar ( CAT ) shares were up 2.7% in recent premarket activity Monday.