CAT · 10-Q · 2026Q3 · Full report
Acquisition / Partnership / Divestiture
CATERPILLAR INC · 2026-11-04 · Importance 65 · Surprise 60 · In source text
Caterpillar completed its acquisition of 100 percent of Fabick’s equity on October 31, 2026. The preliminary purchase price included $1.24 billion in cash paid at closing and an estimated additional $165 million payable after certain holdback periods expire, subject to working-capital and other adjustments. MP&E investing cash use rose to $3.522 billion in the first nine months of 2026 from $2.112 billion in 2025, partly because of higher investments and acquisitions, primarily the acquisition of RPMGlobal.
Key facts
- On October 31, 2026, Caterpillar completed its previously announced acquisition of 100 percent of Fabick's equity; the preliminary purchase price includes $1.24 billion cash at closing and an estimated remaining $165 million payable after certain holdback periods expire, subject to working capital and other adjustments. source
- MP&E's higher investing cash use in the first nine months of 2026 reflected higher investments and acquisitions, primarily the RPMGlobal acquisition, lower proceeds from securities maturities and sales, and higher securities investments, partly offset by intercompany lending activity with Financial Products. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -1.0% | On October 31, 2026, Caterpillar completed its previously announced acquisition of 100 percent of Fabick's equity; the preliminary… |
| liability | negative | committed | -0.1% | On October 31, 2026, Caterpillar completed its previously announced acquisition of 100 percent of Fabick's equity; the preliminary… |
| cash | negative | committed | -0.1% | On October 31, 2026, Caterpillar completed its previously announced acquisition of 100 percent of Fabick's equity; the preliminary… |