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RPMGlobal (ASX:RUL), the mining software company, was acquired by Caterpillar in a deal that rewarded long-term holders. In June 2026, Forager Funds described RPMGlobal as a textbook example of value being recognised by an industry buyer, after being one of its largest investments for years, helped by industry-leading products. Lakehouse noted RPMGlobal received a $5 per share takeover offer from Caterpillar shortly after reporting its first period as a pure software business, and Seneca said it had previously flagged Caterpillar as a likely acquirer, with the bid around 230% above its entry price. RPMGlobal operates in the Information Technology sector within the Software industry, and Thesis Tracker has captured 29 comments from 10 fund managers, including Forager, Lakehouse and Seneca. Founded in 1968 and headquartered in Brisbane, RPMGlobal provides mine planning, scheduling, asset management and financial software to the global mining industry.
Company figures as of 15 Oct 2026. For information only.
Fund managers including DMX Asset Management, Salter Brothers, Longwave Capital, Forager Funds, Centennial Asset Management, Ausbil Investment Management, Lakehouse Capital, Clime Investment Management, Seneca Financial Solutions and Monash Investors have invested in RPMGlobal Holdings Limited (ASX:RUL).
Fund managers highlight Caterpillar's $5 per share cash takeover, reflecting the value of RPMGlobal's industry-leading mining software after its transition to a pure software business, according to Forager, Lakehouse and Seneca.
With the takeover by Caterpillar, holders lose ongoing exposure to RPMGlobal's growth, and the main consideration becomes deal completion.
RPMGlobal Holdings Ltd. is a Brisbane-based provider of technology and advisory solutions for the mining industry. Founded in 1968, the company operates via two primary segments: Software and Advisory. The Software Division provides maintenance, training, and implementation services for mining software. The Advisory Division delivers technical and economic analysis of mining activities and resources. RPMGlobal supports mining operations through professional development and specialized consulting services.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.