RPMGlobal Acquisition & Valuation

RPMGlobal was acquired by Caterpillar for $681M in October 2025, a 15.1x multiple on $45M of revenue.

RPMGlobal acquisition price

$681M

Acquired by Caterpillar · Oct 2025

RPMGlobal revenue at acquisition

$45M

Last twelve months · Oct 2025

RPMGlobal revenue multiple at acquisition

15.1x

EV/Revenue · Oct 2025

RPMGlobal Overview

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

AustraliaBrisbane

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.

RPMGlobal acquisition details
AcquirerDateTypePriceEV/Revenue
12 Oct 2025Strategic M&A$681M15.1x

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

RPMGlobal
MineOptima Operations
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 CountryAustraliaAustralia
HQ City
Brisbane
Melbourne
Deal Date18 Dec 20172 Aug 2017
Valuation$2Mundisclosed
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.

Public and private companies comparable to RPMGlobal
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Chrysos Corp.AustraliaAustraliaPublicly listed$63M$19M$531M8.5x
PSI SoftwareGermanyGermanyPublicly listed$329M($7M)$836M2.5x
Hansen TechnologiesAustraliaAustraliaPublicly listed$275M$52M$491M1.9x
Zhejiang NetsunChinaChinaPublicly listed$79M($2M)$625M-
AccelsiusUnited StatesAustin, TXPrivate--$665M-
Autosys Industrial Solutions Private LimitedIndiaMumbaiPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
ZUKEN$277M$51M1.6x1.7x8.9x-
Shenzhen Sunwin$20M($147M)37.7x-(5.0x)-
Array Technologies$1.3B$34M1.2x1.1x47.5x7.5x
Zhejiang Netsun$79M($2M)7.4x-(289.0x)-
ERock$183M($50M)1.3x-(4.6x)-
Suzhou Thvow Technology$380M$32M2.8x-32.4x-
Breton Technology$116M($37M)7.1x4.7x(22.1x)(68.3x)
Ballard Power Systems$99M($85M)2.7x2.6x(3.2x)(4.6x)

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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 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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