Caterpillar Acquires Skycatch to Enhance Data-Driven Mining Technology
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 17 hours ago
0mins
Caterpillar has acquired Skycatch, further enhancing its capabilities following the recent acquisition of RPMGlobal. The acquisition expands Caterpillar's portfolio of data-driven mining technology solutions that help customers optimize material movement. "Acquiring Skycatch aligns with our strategy to solve our customers' toughest challenges," said Denise Johnson, group president, Caterpillar Resource Industries. "By integrating near-real-time, high-resolution spatial data into both RPM and MineStar solutions, we can help customers improve mine site performance by enhancing safety, productivity and predictability across their operations using both staffed and autonomous fleets."
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Analyst Views on CAT
Wall Street analysts forecast CAT stock price to fall
15 Analyst Rating
8 Buy
6 Hold
1 Sell
Moderate Buy
Current: 963.530
Low
395.00
Averages
620.54
High
730.00
Current: 963.530
Low
395.00
Averages
620.54
High
730.00
About CAT
Caterpillar Inc. is a manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Its segments include Construction Industries, Resource Industries and Power & Energy. It also provides financing and related services through its Financial Products segment. Construction Industries segment is responsible for supporting customers using machinery in infrastructure and building construction applications. Resource Industries segment develops and manufactures high productivity equipment for both surface and underground mining operations around the world, and provides select work tools, machinery components, wear and maintenance components and related parts. Power & Energy segment supports customers in oil and gas, power generation, marine, rail and industrial applications, including Caterpillar machines. It is engaged in the provision and development of mining software solutions to the mining industry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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