Company to begin transition this year as it focuses on strategy for profitable growth
Caterpillar Inc. has announced it will move its global headquarters to the company’s existing office in Irving, Texas, from its current location in Deerfield, Illinois.
“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, however Illinois still has the largest concentration of Caterpillar employees anywhere in the world. The company will begin transitioning its headquarters to Irving in 2022.
In 2017, the manufacturer located a limited group of senior executives and support functions in the Chicago area reaffirming the ongoing importance of its presence in Peoria and Central Illinois.
However, as a result of continuing challenging market conditions and the need to prioritise resources to focus on growth, Caterpillar decided not build a headquarters complex in Peoria, which had previously been announced.
In August 2021, the company launched its Cat 777G Water Solutions truck and inked a partnership with BHP to develop zero-emission mining trucks. At the 2022 Construction Machinery Middle East Awards, the firm was shortlisted in two categories.