Caterpillar to Relocate Global Headquarters to Dallas-Fort Worth Area

DEERFIELD, Ailing., June 14, 2022 /PRNewswire/ — Caterpillar Inc. (NYSE: CAT) in the present day introduced it is going to transfer its world headquarters to the corporate’s current workplace in Irving, Texas, from its present location in Deerfield, Illinois.

“We consider it is in the perfect strategic curiosity of the corporate to make this transfer, which helps Caterpillar’s technique for worthwhile progress as we assist our clients construct a greater, extra sustainable world,” mentioned Chairman and CEO Jim Umpleby. 

Caterpillar has had a presence in Texas because the Nineteen Sixties throughout a number of areas of the corporate. Illinois stays the biggest focus of Caterpillar workers anyplace on this planet.

The corporate will start transitioning its headquarters to Irving in 2022.

About Caterpillar
With 2021 gross sales and revenues of $51.0 billion, Caterpillar Inc. is the world’s main producer of building and mining tools, off-highway diesel and pure fuel engines, industrial fuel generators and diesel-electric locomotives. For practically 100 years, we have been serving to clients construct a greater, extra sustainable world and are dedicated and contributing to a reduced-carbon future. Our modern services and products, backed by our world seller community, present distinctive worth that helps clients succeed. Caterpillar does enterprise on each continent, principally working via three major segments – Building Industries, Useful resource Industries and Vitality & Transportation – and offering financing and associated companies via our Monetary Merchandise phase. Go to us at caterpillar.com or be part of the dialog on our social media channels.

Ahead-Trying Statements
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Caterpillar’s precise outcomes might differ materially from these described or implied in our forward-looking statements primarily based on a lot of elements, together with, however not restricted to: (i) world and regional financial situations and financial situations within the industries we serve; (ii) commodity worth adjustments, materials worth will increase, fluctuations in demand for our merchandise or vital shortages of fabric; (iii) authorities financial or fiscal insurance policies; (iv) political and financial dangers, business instability and occasions past our management within the nations wherein we function; (v) worldwide commerce insurance policies and their affect on demand for our merchandise and our aggressive place, together with the imposition of latest tariffs or adjustments in current tariff charges; (vi) our potential to develop, produce and market high quality merchandise that meet our clients’ wants; (vii) the affect of the extremely aggressive surroundings wherein we function on our gross sales and pricing; (viii) data know-how safety threats and pc crime; (ix) stock administration choices and sourcing practices of our sellers and our OEM clients; (x) a failure to understand, or a delay in realizing, all the anticipated advantages of our acquisitions, joint ventures or divestitures; (xi) union disputes or different worker relations points; (xii) antagonistic results of surprising occasions; (xiii) disruptions or volatility in world monetary markets limiting our sources of liquidity or the liquidity of our clients, sellers and suppliers; (xiv) failure to take care of our credit score rankings and potential ensuing will increase to our value of borrowing and antagonistic results on our value of funds, liquidity, aggressive place and entry to capital markets; (xv) our Monetary Merchandise phase’s dangers related to the monetary companies business; (xvi) adjustments in rates of interest or market liquidity situations; (xvii) a rise in delinquencies, repossessions or internet losses of Cat Monetary’s clients; (xviii) foreign money fluctuations; (xix) our or Cat Monetary’s compliance with monetary and different restrictive covenants in debt agreements; (xx) elevated pension plan funding obligations; (xxi) alleged or precise violations of commerce or anti-corruption legal guidelines and laws; (xxii) extra tax expense or publicity, together with the affect of U.S. tax reform; (xxiii) vital authorized proceedings, claims, lawsuits or authorities investigations; (xxiv) new laws or adjustments in monetary companies laws; (xxv) compliance with environmental legal guidelines and laws; (xxvi) the length and geographic unfold of, enterprise disruptions brought on by, and the general world financial affect of, the COVID-19 pandemic; and (xxvii) different elements described in additional element in Caterpillar’s Types 10-Q, 10-Ok and different filings with the Securities and Change Fee.

SOURCE Caterpillar Inc.