One of Illinois’ biggest employers is shifting its headquarters to Texas.
Caterpillar Inc. today announced it will move its global headquarters to the company’s existing office in Irving, Texas, from its current location in Deerfield, Ill.
“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. A statement did not get into more specific reasoning.
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.
The headquarters was historically in Peoria before a move to the Chicago suburb of Deerfield in 2017.
With 2021 sales and revenues of $51.0 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, backed by its global dealer network, does business on every continent, principally operating through three primary segments – construction industries, resource industries and energy and transportation – and providing financing and related services through its financial products segment.
Image from Caterpillar.com