"We believe it's in the best strategic interest of the company to make this move, which supports Caterpillar's strategy for profitable growth as we help our customers build a better, more sustainable world," said Chairman and CEO Jim Umpleby.
Caterpillar has had a presence in Texas since the 1960s across several areas of the company. Illinois remains the largest concentration of Caterpillar employees anywhere in the world. The company will begin transitioning its headquarters to Irving in 2022.
With 2021 sales and revenues of $51 billion, Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives.
For nearly 100 years, Caterpillar has been helping customers build a more sustainable world and is committed and contributing to a reduced-carbon future. The company's products and services are backed by its global dealer network.
Caterpillar does business on every continent, principally operating through three primary segments — Construction Industries, Resource Industries, and Energy & Transportation — and providing financing and related services through the Financial Products segment.
