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 is a mining software and training company that builds technology for mine planning, scheduling, simulation, haulage, operations, asset management and financial planning. Its products include XERAS for budgeting and forecasting, AMT for lifecycle costing of mining assets, XECUTE for short-term scheduling and material flow optimisation, and the MinVu reporting suite, and it also provides training in asset management, mining economics and software use. Customers are mining companies, equipment suppliers and contractors in more than 125 countries. The company grew out of mining consultancy and software businesses whose history reaches back to 1968, was headquartered in Brisbane, listed on the Australian Securities Exchange in 2008, and built its product suite through acquisitions of software businesses such as MineOptima, MinVu and Revolution Mining Software. It sold its advisory division to SLR in 2025 and was acquired by Caterpillar in 2026.
Founded
1986
HQ
BrisbaneWebsite
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 |
Sources: investors.caterpillar.com, prnewswire.com
Acquisitions by RPMGlobal
RPMGlobal has acquired 3 companies to date.
Last acquisition by RPMGlobal was on July 9th 2020. RPMGlobal acquired Revolution Mining Software for $932K.
Latest Acquisitions by RPMGlobal
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Revolution Mining Software | |||
| Description | Revolution Mining Software is a mine scheduling optimisation software company based in Sudbury, Ontario, Canada. Its flagship product is the Schedule Optimization Tool, which helps mining companies develop, evaluate and test mining plans and strategies for the long-term planning of mines. The company also developed the Attain and SurfaceSOT software products. It serves mining operators that need to compare scheduling scenarios when planning underground and surface mines. The business was a privately owned Canadian company led by its president, Lorrie Fava, and its employees were retained when it was acquired by RPMGlobal in 2020. Its products now form part of the RPMGlobal mine planning software suite. | MinVu is a mining software company that provides mine-wide operational reporting and analytics software to the mining industry. Its products connect to and extract real-time data from the operational systems of a mine and turn it into transaction-based information, so that operating staff can monitor equipment performance through a graphical interface. The software supports short interval control of production and is built on a suite of standard integration adaptors across the key operational systems found at a mine. It sells to large miners and licenses its software on a commercial basis. MinVu was formed in 1999 and is headquartered in Brisbane, Australia. The business was acquired by RPMGlobal in 2017 and 2018 and its products now form part of RPMGlobal's software suite. | 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 | Sudbury | Brisbane | Melbourne |
| Deal Date | 9 Jul 2020 | 18 Dec 2017 | 2 Aug 2017 |
| Valuation | $932K | $2M | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
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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 |
|---|---|---|---|---|---|---|
| Australia | Publicly listed | $61M | $19M | $501M | 7.8x | |
 Germany | Publicly listed | $320M | ($7M) | $813M | 2.5x | |
| Australia | Publicly listed | $268M | $51M | $513M | 2.0x | |
 China | Publicly listed | $80M | ($2M) | $584M | - | |
 Austin, TX | Private | - | - | $665M | - | |
 Mumbai | Private | - | - | $651M | - |
RPMGlobal Public Comps
RPMGlobal is no longer listed, but its public comps include ZUKEN, Shenzhen Sunwin, Pason Systems, Canadian Solar, Vector, Zhejiang Netsun, OceanPact, JinkoSolar, Alexforbes and NYAB.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $272M | $50M | 1.6x | 1.6x | 8.7x | - | |||
| $20M | ($148M) | 34.8x | - | (4.6x) | - | |||
| $299M | $93M | 2.3x | 2.3x | 7.5x | 6.1x | |||
| $5.6B | $546M | 1.6x | 1.6x | 16.0x | 17.6x | |||
| $403M | $66M | 1.3x | 1.3x | 8.1x | 7.5x | |||
| $80M | ($2M) | 6.7x | - | (262.8x) | - | |||
| $389M | $131M | 2.8x | 1.6x | 8.2x | 4.1x | |||
| $9.8B | ($45M) | 0.7x | 0.7x | (147.1x) | 17.7x | |||
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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 3 companies, including Revolution Mining Software, MinVu and MineOptima Operations. |
| What was the largest acquisition by RPMGlobal? | The $2M acquisition of MinVu in December 2017 is the largest acquisition RPMGlobal has made to date. |
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