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- RPMGlobal
RPMGlobal Acquisition & Valuation
RPMGlobal was acquired by Caterpillar for $681M in October 2025, a 15.1x multiple on $45M of revenue.
RPMGlobal revenue at acquisition
$45M
Last twelve months · Oct 2025
RPMGlobal revenue multiple at acquisition
15.1x
EV/Revenue · Oct 2025
About RPMGlobal
RPMGlobal Holdings Ltd is engaged in the development of mining software solutions and professional development for the mining industry. The group has been advancing the mining industry through the provision of software solutions and deep domain expertis. The company brings together its technology, mining advisory, and professional development services to support mining clients in extracting more value at every stage of the mining lifecycle. Its segments include the Software Division and the Advisory Division. The group generates the majority of revenue from the Software Division, which offers software, including support (maintenance), training, and implementation services to mining companies. Geographically, the company operates in Australia, Asia, the Americas, Africa & Europe.
Founded
1986
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$45M (Oct 2025)
Valuation
$681M (acquired Oct 2025)
RPMGlobal Acquisition
RPMGlobal was acquired by Caterpillar for $681M on 12 October 2025.
The acquisition price implies a 15.1x revenue multiple on $45M of revenue.
RPMGlobal Holdings Limited, headquartered in Brisbane, Australia, specializes in mining technology enablement, delivering data-driven software solutions across the mining value chain, including mine design, scheduling, simulation, haulage, operations, asset management, and finance. Key products encompass XERAS Cloud for budgeting and forecasting, AMT for lifecycle costing of mining assets, XECUTE for short-term scheduling, and DCO for material flow optimization in bulk-commodity mining. Founded 48 years ago, the company operates 13 offices worldwide, serves over 125 countries, and offers training in asset management, mining economics, and software use. Caterpillar Inc., the world's leading manufacturer of construction and mining equipment with 2025 sales of $67.6 billion, completed its acquisition of RPMGlobal on February 17, 2026, following an initial agreement announced on October 12, 2025, and a binding Scheme Implementation Deed after due diligence. The deal, first indicated by a September 2025 exclusivity agreement targeting A$1.1 billion, expands Caterpillar's Resource Industries portfolio by integrating RPMGlobal's software with its equipment and technology to enhance mine site performance, efficiency, and scalability. RPMGlobal operates as part of Caterpillar's Resource Industries under its existing brand, with CEO Richard Mathews highlighting complementary technologies to address mining challenges, echoed by Caterpillar's Group President Denise Johnson. The scheme of arrangement required RPM shareholder approval, regulatory clearances, and customary conditions, with closure anticipated in Q1 2026 as forecasted. This acquisition bolsters Caterpillar's data-driven mining solutions amid competitive dynamics in mining tech, enabling better planning, operations, and management for customers including miners, manufacturers, and contractors.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 12 Oct 2025 | Strategic M&A | $681M | 15.1x |
Acquisitions by RPMGlobal
RPMGlobal has acquired 2 companies to date.
Last acquisition by RPMGlobal was on December 18th 2017. RPMGlobal acquired RPMGlobal for $2M.
Latest Acquisitions by RPMGlobal
| Description | RPMGlobal Holdings Ltd is engaged in the development of mining software solutions and professional development for the mining industry. The group has been advancing the mining industry through the provision of software solutions and deep domain expertis. The company brings together its technology, mining advisory, and professional development services to support mining clients in extracting more value at every stage of the mining lifecycle. Its segments include the Software Division and the Advisory Division. The group generates the majority of revenue from the Software Division, which offers software, including support (maintenance), training, and implementation services to mining companies. Geographically, the company operates in Australia, Asia, the Americas, Africa & Europe. | MineOptima Operations is an Australian provider of software tools for optimizing underground mine layouts and operations. The platform automates stope designs, development planning, and production scheduling using algorithms for maximum value extraction. It also delivers consulting for mine design enhancements in gold, base metals, and diamond projects. |
| HQ Country | ||
| HQ City | Brisbane | Melbourne |
| Deal Date | 18 Dec 2017 | 2 Aug 2017 |
| Valuation | $2M | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all RPMGlobal acquisitions and their M&A valuation multiples. Start Free Trial | ||
RPMGlobal Competitors
RPMGlobal competitors include listed companies like Chrysos Corp., PSI Software, Hansen Technologies and Zhejiang Netsun, and private ones like Accelsius and Autosys Industrial Solutions Private Limited.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $63M | $19M | $531M | 8.5x | ||
| Publicly listed | $329M | ($7M) | $836M | 2.5x | ||
| Publicly listed | $275M | $52M | $491M | 1.9x | ||
| Publicly listed | $79M | ($2M) | $625M | - | ||
| Private | - | - | $665M | - | ||
| Private | - | - | $651M | - |
RPMGlobal Public Comps
RPMGlobal is no longer listed, but its public comps include ZUKEN, Shenzhen Sunwin, Array Technologies, Zhejiang Netsun, ERock, Suzhou Thvow Technology, Breton Technology, Ballard Power Systems, Vector and Jiangxi Tianli Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $277M | $51M | 1.6x | 1.7x | 8.9x | - | |||
| $20M | ($147M) | 37.7x | - | (5.0x) | - | |||
| $1.3B | $34M | 1.2x | 1.1x | 47.5x | 7.5x | |||
| $79M | ($2M) | 7.4x | - | (289.0x) | - | |||
| $183M | ($50M) | 1.3x | - | (4.6x) | - | |||
| $380M | $32M | 2.8x | - | 32.4x | - | |||
| $116M | ($37M) | 7.1x | 4.7x | (22.1x) | (68.3x) | |||
| $99M | ($85M) | 2.7x | 2.6x | (3.2x) | (4.6x) | |||
This data is available for Pro users. Sign up to see all RPMGlobal competitors and their valuation data. Start Free Trial | ||||||||
Common questions about RPMGlobal
| When was RPMGlobal founded? | RPMGlobal was founded in 1986. |
| Where is RPMGlobal headquartered? | RPMGlobal is headquartered in Brisbane, Australia. |
| Is RPMGlobal publicly listed? | No, RPMGlobal was acquired by Caterpillar in October 2025. |
| Who acquired RPMGlobal? | RPMGlobal was acquired by Caterpillar in October 2025. |
| How much was RPMGlobal acquired for? | RPMGlobal was acquired for $681M in October 2025, a 15.1x revenue multiple. |
| Which companies are comparable to RPMGlobal? | Companies comparable to RPMGlobal include Chrysos Corp., PSI Software, Hansen Technologies, Zhejiang Netsun, Accelsius and Autosys Industrial Solutions Private Limited. |
| How many companies has RPMGlobal acquired? | RPMGlobal has acquired 2 companies, including RPMGlobal and MineOptima Operations. |
| What was the largest acquisition by RPMGlobal? | The $2M acquisition of RPMGlobal in December 2017 is the largest acquisition RPMGlobal has made to date. |
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